Barcelona Travel Inc. took out a 2-year loan in late December. Because the loan is for more than 1 year in length, it is not included in current liabilities even though the cash received from the loan is reported as a current asset. This results in improving current and quick ratios and a stronger looking year-end balance sheet. This action taken by Barcelona is an example of: window dressing. O trend analysis. O percent change analysis. O benchmarking.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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