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D076 Module 8 exam (30 questions and answers).
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D076 Module 8 exam (30 questions and answers).
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D076 Module 8 exam(30 questions and
answers)
cash budgeting - answer a plan for controlling cash
inflows and outflows business to balance income
with expenditures
What are three major uses of cash budgeting? -
answer indicating future financing needs,
providing a basis for corrective action, and
providing the data for performance evaluation
When evaluating a company's performance, what
can variances on a company's cash budget
indicate? - answer Variances show that certain
managers or divisions are not meeting targets.
How far into the future do cash budgets usually
forecast? - answer Between one month and one
year
What are three principles of budgeting that are
important to know before beginning the budgeting
, process? - answer Keep records; develop savings,
income, and expense strategies; and use a method
that meets your needs and objectives
What are the three main uses of cash budgets? -
answer Cash budgets are used to forecast future
financial need, aid in performance evaluation, and
show when corrective action is needed.
What are three steps to budgeting? - answer
determine cash receipts, estimate cash
disbursements, create the cash budget
What are the five steps to create a budget for your
personal finance? - answer understand your goals,
track your savings, income, and expenses, develop
a cash budget, implement your plan, compare the
cash budget to your actual spending and make
necessary changes
fixed expenditures - answer an expense that you
do not have direct control over and that remains
constant from period to period
variable expenditues - answer an expense that you
have direct control over and that can change from
period to period
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