1an budget provides an estimate of activity or workload in, Ask an Expert

Accounting

1.A(n) _________ budget provides an estimate of activity or workload in a department (or cost center) for the upcoming budget period.

A.Expense

B.Volume

C.zero based

D.Revenue

2.A nursing home projects asset growth at 10% per year over the next 10 years. Using the concept of sustainable growth, if they wish to reduce their reliance on debt, what rate of equity growth over the next 10 years would be desired?

A.10% per year

B.more information is required

C.greater than 10%

D.less than 10% per year

3.During the budgeting process, to determine desired profit you must

A.subtract expenses from budgeted financial requirements

B.subtract revenue from liabilities

C.add net income budgeted expenses

D.subtract assets from expenses

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9947676

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