Which of the Following Statements Is CORRECT

question 86

Multiple Choice

Which of the following statements is CORRECT?

• A) Shorter-term cash budgets,in general,are used primarily for planning purposes,while longer-term budgets are used for actual cash control.
• B) The cash budget and the capital budget are developed separately,and although they are both important to the firm,one does not affect the other.
• C) Since depreciation is a non-cash charge,it neither appears on nor has any effect on the cash budget.
• D) The target cash balance should be set such that it need not be adjusted for seasonal patterns and unanticipated fluctuations in receipts,although it should be changed to reflect long-term changes in the firm's operations.
• E) The typical cash budget reflects interest paid on loans as well as income from the investment of surplus cash.These numbers,as well as other items on the cash budget,are expected values;hence,actual results might vary from the budgeted amounts.

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Definitions:

Sexual Access

Refers to the opportunity or ability of an individual to find and engage in sexual activities with a partner.

Homogamy

The practice of people getting married to people who are similar to them.

Cohabitation

The condition in which individuals cohabit and engage in a sexual relationship without the bond of matrimony.

Compatibility

The ability of two or more systems or components to work well together or the degree to which people get along or work well together.