Question

Spreadsheet software can aid in the preparation and analysis of budgets because of which relationship between...

Spreadsheet software can aid in the preparation and analysis of budgets because of which relationship between static and flexible budgets?

Multiple Choice

A. Flexible budgets can be used to derive budgeted financial statements.

B. Static budget can be used as the basis of the master budget.

C. Static budget provides responses to the question "What if" the planned budget had included a certain volume.

D. Flexible budget provides responses to the question "What if" the planned budget had included a certain volume.

Homework Answers

Answer #1

The answer is D) Flexible budget provides responses to the question "What if" the planned budget had included a certain volume.

Explanation- A flexible budget is one which adjusts itself with the changes in assumptions that are made during the planning process. This flexibility in budget allows organization to estimate what the budgeted figures would look like at different levels of sales made. On the other hand, In static budget the company cannot twist the budget to manage the changes required.

So ,where the planned budget includes volume or changes in its level, then the same shall be duly taken care of and adjusted with help of flexible budgets and hence, providing solution to the above question.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which of the following statements is true regarding master budgets? Multiple Choice Most companies exclude selling...
Which of the following statements is true regarding master budgets? Multiple Choice Most companies exclude selling and administrative expenses from the master budget because they are period expenses. They can be used to estimate a company’s need to borrow money in the future. They usually include a cash budget and a budgeted income statement, but not a budgeted balance sheet. Generally speaking, they are prepared for manufacturing companies, but not merchandising companies.
Because people prepare budgets, budget figures are often biased. Which of the following is true? a....
Because people prepare budgets, budget figures are often biased. Which of the following is true? a. When senior management sets budget numbers, a more realistic budget can be developed b. Sales quantity forecasts tend to be exaggerated (over-estimated) to make the sales team look good c. None of the answers are correct d. Production cost estimates tend to be overstated to create wiggle room (budgetary slack) e. Efficient organizations begin their budget process with last year's budget, and adjust the...
1) A budget prepared at a single volume of activity is referred to as a: A)...
1) A budget prepared at a single volume of activity is referred to as a: A) Strategic budget. B) Standard budget. C) Static budget. D) Flexible budget. Answer:  ___________ 2) Select the incorrect statement regarding flexible budgets. A) Flexible budgets often show the estimated revenues and costs at multiple volume levels. B) A flexible budget is used to compare actual to budgeted amounts. C) A flexible budget is also known as a master budget. D) Standard prices and costs are used...
Match the term with the correct definition or explanation.    Cost-Volume-Profit (CVP) analysis    Break-even analysis...
Match the term with the correct definition or explanation.    Cost-Volume-Profit (CVP) analysis    Break-even analysis Relevant range Fixed costs Variable costs    Contribution margin    Contribution margin ratio Margin of Safety Absorption costing Variable costing Budgeting    Sales budget Production budget    Direct materials budget Cash budget Fixed budget Flexible budget Standard costs Standard overhead costs a. This method excludes fixed overhead costs from total product costs. b. A budget that is prepared based on several different amounts of...
1. It is time for Jung So Min Corp. to begin its annual budget preparation for...
1. It is time for Jung So Min Corp. to begin its annual budget preparation for its upcoming fiscal year, which ends on December 31, 2021. They are in need of temporary assistance in their accounting office, and have hired you to carry out the task of preparing the budgets. Jung So Min prepares quarterly budgets, and then from this information prepares an annual budget. To assist you in this task, Jung So Min has gathered the following information: 1)...
Buddies is a charitable organization that sponsors group activities and provides adult companionship for troubled youths...
Buddies is a charitable organization that sponsors group activities and provides adult companionship for troubled youths from single-parent families. Buddies screens, trains, motivates, and supervises the adult volunteers, who are paired with children referred by local agencies and by parents concerned with their children’s future. The organization provides a service that can augment any professional help a child may be receiving. But its main role is one of prevention by providing a meaningful adult relationship for a child before the...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary...
Please answer the following Case analysis questions 1-How is New Balance performing compared to its primary rivals? How will the acquisition of Reebok by Adidas impact the structure of the athletic shoe industry? Is this likely to be favorable or unfavorable for New Balance? 2- What issues does New Balance management need to address? 3-What recommendations would you make to New Balance Management? What does New Balance need to do to continue to be successful? Should management continue to invest...
Review the Robatelli's Pizzeria Case Study. Develop another internal controls system, but this time, in the...
Review the Robatelli's Pizzeria Case Study. Develop another internal controls system, but this time, in the purchases and fixed assets business areas. Prepare a 12- to 16-slide presentation describing the purchases and fixed assets business areas. Be sure to incorporate speaker notes as well as appropriate visuals, graphics, fonts, etc. Include any associated risk in these areas. Describe specific internal controls that include authorization of transactions, segregation of duties, adequate records and documentation, security of assets, and independent checks and...
Discuss ethical issues that can be identified in this case and the mode of managing ethics...
Discuss ethical issues that can be identified in this case and the mode of managing ethics Enron finds itself in this case. How would you describe the ethical culture and levels of trust at Enron? Provide reasons for your assessment. THE FALL OF ENRON: A STAKEHOLDER FAILURE Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant tilted "£"' in front, slowly revolving in the Texas sun. The Enron Corporation, which once ranked among...
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation....
Using the model proposed by Lafley and Charan, analyze how Apigee was able to drive innovation. case:    W17400 APIGEE: PEOPLE MANAGEMENT PRACTICES AND THE CHALLENGE OF GROWTH Ranjeet Nambudiri, S. Ramnarayan, and Catherine Xavier wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be...