All but Which of the Following Are Important Tools in Cash-Flow

question 82

Multiple Choice

All but which of the following are important tools in cash-flow management?

• A) Cash budget
• B) Macro-aging schedules
• C) Micro-aging schedules
• D) Fixed asset turnover ratio

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Definitions:

Favourable Variance

A financial term indicating that actual costs were lower than budgeted costs, or actual revenues were higher than expected.

Variances

The differences between planned financial outcomes and the actual results, used in budgeting and accounting to track performance and plan future activities.

Cost of Goods Sold

The total cost associated with producing goods that have been sold during a specific period, including materials and labor.

Favourable Variances

Financial indicators that actual revenues are higher or costs are lower than what was originally planned or budgeted.