161. The quantitative expressions of plans stated in either physical or financial terms are called __budgets__
162. The process of setting standards, receiving feedback, and taking corrective action whenever performance deviates from standards is called _control_
163. The body responsible for reviewing the budget, providing policy guidelines and budgetary goals, resolving differences that may arise, and approving the final budget is the ___budget__ committee.
164. The comprehensive financial plans made up of departmental and activity budgets are the ___master budgets___ .
165. The __budgeted___ income statement is the culmination of the operating budget.
166. Operating expense budgets include the marketing expense budget and the ____administrative____ expense budget.
167. The __sales__budget shows the projected sales and prices.
168. Cash disbursements and cash excess or deficiency are components of the ___cash____ budget.
169. The accounts receivable aging schedule aids in determining the timing of cash __receipts__
170. The budgeted__balance sheet__shows projected assets, liabilities, and shareholders’ equity of the end of the budget period.
162. The process of setting standards, receiving feedback, and taking corrective action whenever performance deviates from standards is called _control_
163. The body responsible for reviewing the budget, providing policy guidelines and budgetary goals, resolving differences that may arise, and approving the final budget is the ___budget__ committee.
164. The comprehensive financial plans made up of departmental and activity budgets are the ___master budgets___ .
165. The __budgeted___ income statement is the culmination of the operating budget.
166. Operating expense budgets include the marketing expense budget and the ____administrative____ expense budget.
167. The __sales__budget shows the projected sales and prices.
168. Cash disbursements and cash excess or deficiency are components of the ___cash____ budget.
169. The accounts receivable aging schedule aids in determining the timing of cash __receipts__
170. The budgeted__balance sheet__shows projected assets, liabilities, and shareholders’ equity of the end of the budget period.
