Categorize each of the following budgets as either one of the Operating Budgets or one of the Financial Budgets. Operating Budgets Nenhuma resposta escolhida Financial Budgets Nenhuma resposta escolhida Respostas possíveis | Budgeted Income Statement | Cash Payments Budget Capital Expenditures Budget Sales Budget •... ::: E Production Budget E Direct Labor Budget | Operating Expenses Budget Manufacturing Overhead Budget | Budgeted Balance Sheet E Cash Collections Budget E Direct Materials Budget E Combined Cash Budget

Which of the following items do you need to have available to develop a budget? a) Prior period operating results b) Assumptions of next period operations c) Goals d) All of the above 0.000.

1. Explain how operating budgets are prepared. 2. Explain the importance of preparing an operating budget.

What revenue sources allow this budget to be balanced in each year? What revenue source will have the greatest impact on the budget? What assumptions have been made with respect to revenue sources? What two expenditures will have the greatest impact upon the budget?