Which of the Following Is Not a Component of the Master

question 46

Multiple Choice

Which of the following is not a component of the master budget?

• A)Operating budget
• B)Budgeted income statement
• C)Budgeted balance sheet
• D)Statement of return on investment

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Definitions:

Required Rate of Return

The minimum annual percentage earned by an investment that will induce individuals or companies to put money into a particular venture or investment.

Operating Cash Flow

A measure of the cash generated by a company's regular operational activities over a specific period.

Profit Margin

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating how much profit a company makes on sales.

Depreciation Expense

The allocation of the cost of an asset over its useful life.