Continuous Budgets Are Constructed by Adding a _____

question 39

Multiple Choice

Continuous budgets are constructed by adding a _____.

• A)new goal as a current goal is achieved
• B)new cost object as a current cost object is eliminated
• C)month in the future as the month just ended is dropped
• D)year in the future as the current year just ended is dropped

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Definitions:

Compounded Quarterly

Refers to the process of calculating and adding interest to the principal balance four times a year.

Eight Year Note

A debt instrument with a fixed interest rate and a maturity of eight years, at which point the principal sum is repaid to investors.

Yield

Yield is the income returned on an investment, such as the interest or dividends received from holding a particular security, expressed usually as a percentage of the investment's cost.

Buyer

An individual or entity that purchases goods or services from another for a price.