Which of the Following Can Contribute Toward a Phantom Balance

question 4

Multiple Choice

Which of the following can contribute toward a phantom balance in an operating
budget?

• A) Transfer operating expenses to the capital budget.
• B) Accelerate payment of income tax refunds.
• C) Issue payroll checks on June 15 rather than June 20 July 1 fiscal year start).
• D) Change the estimate of the property tax delinquency rate from 5 percent to 10 percent, to better reflect actual collection patterns.

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Definitions:

Customer

An individual or entity that purchases goods or services from a business.

Supply Chain

An arrangement involving various companies, personnel, operations, knowledge, and materials dedicated to transporting a product or service from its origin to the consumer.

Shipper

This is an individual or company that sends or transports goods from one place to another, often involved in logistics and supply chain operations.

Receiver

A person or entity legally appointed to manage the financial affairs of a company or individual in cases such as bankruptcy.