Quiz
MACC - Module 5
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Questions in this quiz (6)
1Sales Budget is a Projection approved by the budget committee that describes actual sales in units or dollars.
- ATrue
- BFalse
2The cash budget is a summary of planned cash receipts and cash payments.
- ATrue
- BFalse
3A master budget can be divided into [blank_start]operating[blank_end] and [blank_start]financial[blank_end] budgets.
- Aoperating
- Bfinancial
4The Direct Materials Purchases Budget tells the amount and cost of [blank_start]raw material[blank_end] to be purchased in each time period.
- Araw material
5The usual financial budgets prepared are: The [blank_start]cash[blank_end] budget, The budgeted [blank_start]balance sheet[blank_end] and the budget for capital expenditures.
- Acash
- Bbalance sheet
6Financing: + Borrowings to cover deficiency – Repayment of [blank_start]loans[blank_end] – [blank_start]interest payments[blank_end] = Ending cash balance
- Aloans
- Binterest payments
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- Description
- Betriebswirtschaftslehre Quiz on MACC - Module 5, created by Bendix Lippe on 12/03/2017.
- Author
- Bendix Lippe
- Language
- English
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