Budgeting

Cash received from selling long-term investments

• Operating Activities

• Investing Activities

• Financing Activities

• None of the answers are correct

Cash sales and cash collected from customers

• Cash Inflow

• Cash Outflow

Payments made to suppliers for inventory

• Operating Activities

• Investing Activities

• Financing Activities

• None of the above

An operating expense budget includes labour and administrative costs

• True

• False

A top-down budget is also known as a/an

• Bottom-Up Budget

• Incremental Budget

• Zero-based Budget

• Imposed Budget

An incremental budget creates a new budget based on gradual changes

• True

• False

A purchase budget.....

• Forecasts labour costs

• Forecasts inventory to be purchased

• Forecasts marketing expenses

• Forecasts rent expense