1.- True or False. Fill in the space with youranswer (V) or (F), always justify that youqualify it as false.1. _-_ A budget is the result of theaccounting that the company performs for anaccounting period already carried out.2. -- Through the breakeven point wedetermine the minimum quantity that acompany must sell in order to have amoderate or balanced profit.3. ___ The Direct Cost approach is the onethat presents the cost of sale directlyintegrating the fixed and variable cost.4.Sales is an aspect that can bebudgeted based on management's goals.5.-_ The master budget onlycontemplates the estimation of the mostimportant things for a company, such as itssales.

Since we only answer up to 3 subparts, we will answer the first 3. Please resubmit the question and…

Answered: 1.- True or False. Fill in the space…

Business

Accounting

1.- True or False. Fill in the space with your answer (V) or (F), always justify that you qualify it as false.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1.- True or False. Fill in the space with your
answer (V) or (F), always justify that you
qualify it as false.
1. _-_ A budget is the result of the
accounting that the company performs for an
accounting period already carried out.
2. -- Through the breakeven point we
determine the minimum quantity that a
company must sell in order to have a
moderate or balanced profit.
3. ___ The Direct Cost approach is the one
that presents the cost of sale directly
integrating the fixed and variable cost.
4.
Sales is an aspect that can be
budgeted based on management's goals.
5.
-_ The master budget only
contemplates the estimation of the most
important things for a company, such as its
sales.

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