Trắc nghiệm tổng hợp (English) 15

[Luong Bao Vy]

141. The sales forecast is the basis for the sales budget.
a. True
b. False

142. The sales budget shows the expected sales quantity and price of each product or service.
a. True
b. False

143. The first section of the master budget is the financial budget.
a. True
b. False

144. The production budget describes how many units must be produced in order to meet sales and inventory needs.
a. True
b. False

145. In a for-profit service firm, the sales budget is also the production budget.
a. True
b. False

146. Once all the operating budgets have been completed, the net income can be estimated.
a. True
b. False

147. The capital expenditures budget is a long-term financial plan.
a. True
b. False

148. The cash budget is the least priority budget in the master budget.
a. True
b. False

149. The cash excess or deficiency section of the cash budget compares expected available cash to the expected cash needed.
a. True
b. False

150. The budgeted income statement depends partly on information in the budgets in the master budget.
a. True
b. False