The budget which must be prepared first as it serves as a basis for most other budgets.

Question

Want to see the full answer?

Answer 1

Question

Definition Definition Estimate of an organization's cash flow for a future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future.

Chapter 9, Problem 4QC

To determine

To identify: The budget which must be prepared first as it serves as a basis for most other budgets.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Define the following with formulaes if possible: 3. Purchases Budget 4. Cash Payment Budget 5. Summary Cash Budget 6. Short Term Financial Needs 7. Budgeted Income Statement 8. Budgeted Balance Sheet

Which of the following is the cornerstone (or most critical element) of the master budget? a. The operating expenses budgetb. The budgeted balance sheetc. The sales budget d. The inventory, purchases, and cost of goods sold budget The budgeted statement of cash flows is part of which element of Amazon.com’s master budget? The financial budget The operating budget The capital expenditures budget None of the above

Match the definitions 1 through 8 with the term or phrase a through h. a. Budget e. Master budget b. Top-down budgeting f. Budgetary slack c. Participatory budgeting g. Sales budget d. Cash budget h. Budgeted income statement 1. Shows expected cash inflows and outflows and helps determine financing needs. 2. A plan showing units to be sold; the usual starting point in the master budget process. 3. A report that shows predicted revenues and expenses for a budgeting period. 4. A formal statement of future plans, usually expressed in monetary terms. 5. Approach in which top management passes down a budget without employee input. 6. A budgetary cushion used to meet performance targets. 7. A comprehensive business plan that includes operating, investing, and financing budgets. 8. Employees affected by a budget help in preparing it.

Answer 2

Question

Definition Definition Estimate of an organization's cash flow for a future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future.

Chapter 9, Problem 4QC

To determine

To identify: The budget which must be prepared first as it serves as a basis for most other budgets.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Definition Definition Estimate of an organization's cash flow for a future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future.

Chapter 9, Problem 4QC

To determine

To identify: The budget which must be prepared first as it serves as a basis for most other budgets.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Estimate of an organization's cash flow for a future period. A cash budget forecasts future cash receipts and payments from various sources for a fiscal year. A cash budget can be created once a month or once a week to determine the organization's cash position and ensure its performance in relation to the budget. It aids in determining whether the company has enough cash and cash equivalents to meet its operational needs in the future.

Chapter 9, Problem 4QC

To determine

To identify: The budget which must be prepared first as it serves as a basis for most other budgets.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 9, Problem 4QC

To determine

To identify: The budget which must be prepared first as it serves as a basis for most other budgets.

Answer 6

Chapter 9, Problem 4QC

To determine

To identify: The budget which must be prepared first as it serves as a basis for most other budgets.

Answer 7

Chapter 9, Problem 4QC

To determine

To identify: The budget which must be prepared first as it serves as a basis for most other budgets.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 9 - (Learning Objective 1) Which term describes the...Ch. 9 - (Learning Objective 1) Benefits of budgeting...Ch. 9 - Prob. 3QC Ch. 9 - Prob. 4QC Ch. 9 - Prob. 5QC Ch. 9 - Prob. 6QC Ch. 9 - Prob. 7QC Ch. 9 - Prob. 8QC Ch. 9 - Prob. 9QC Ch. 9 - Prob. 10QC

The budget which must be prepared first as it serves as a basis for most other budgets.

Solution Summary: The author explains that the production budget is not the basis of other budgets, and the operating expenses budget, which is prepared for cash transactions, is incorrect.

To identify: The budget which must be prepared first as it serves as a basis for most other budgets.

Want to see the full answer?

Chapter 9 Solutions