A budgeting process which demands each manager to justify his entire budget in detail from beginning is

Related MCQs

• A budgeting process which demands each manager to justify his entire budget in detail from beginning is
• Which of the following statements are not true about budget, budgeting & budgetary control?
• Which statement is true.I)Fixed budget assumes Changing business conditions. II)Flexible budget is prepared for only one level of activity.
• Which statement is true.I)Fixed budget assumes Changing business conditions. II)Flexible budget is prepared for only one level of activity.
• A Local Authority is preparing cash Budget for its refuse disposal department. Which of the following items would not be included in the cash budget?
• R&D budget and Capital expenditure budget are examples of
• The Moore Corporation is considering the acquisition of a new machine. The machine can be purchased for $90000; it will cost $6000 to transport to Moore’s plant and $9,000 to install. It is estimated that the machine will last 10 years, and it is expected to have an estimated salvage value of $5,000. Over its 10-year life, the machine is expected to produce 2,000 units per year, each with a selling price of $500 and combined material and labour costs of $450 per unit. Federal tax regulations permit machines of this type to be depreciated using the straight-line method over 5 years with no estimated salvage value. Moore has a marginal tax rate of 40%. What is the net cash flow for the tenth year of the project that Moore Corporation should use in a capital budgeting analysis?
• The process of budgeting helps in the control of
• The process of budgeting includes
• Which of the following is the limitation of Zero based budgeting. I)Resist new ideas II)Control on expenditure III)Requires proper training IV)Conflicts