Unit 7 Financial (Cash) Budget Concepts
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Cash receipts must be at least as much as sales.
False
If the initial cash budget indicates a cash deficiency, the company must go out of business.
False
Budgeted operating income includes
budgeted cost of goods sold.
The selling and administrative expenses budget includes
variable cost of selling.
Cash budgets are often prepared monthly or even weekly.
True
The cash budget includes the beginning balance of cash, cash receipts, cash disbursements, and the ending balance of cash.
True
The selling and administrative expenses budget is part of the operating budgets.
True
