The Single Most Important Output in Preparing Financial Budgets Is

question 39

Multiple Choice

The single most important output in preparing financial budgets is the

• A) sales forecast.
• B) determination of the unit cost of the product.
• C) cash budget.
• D) budgeted income statement.

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Definitions:

Long-Term Debt

A financial obligation that is due for repayment in more than one year's time.

Ten-Year Treasury Note

A government debt security issued by the U.S. Treasury with a ten-year maturity, which pays interest to the holder every six months.

Cash Equivalent

Short-term, highly liquid investments that are easily convertible to known amounts of cash and close to their maturity.

Certificate of Deposit

A time deposit at a bank or financial institution that offers a fixed interest rate over a specified period.