At Last! Sapies of the Next Year's Branch Office Budget

question 7

Multiple Choice

At last! sapies of the next year's branch office budget workbook are ready for distribution to all the branch office managers. Each manager will edit next year's budget projections for their office's operations, as necessary, and then return his or her edited sapy of the workbook to you. The branch offices are located around the sauntry; two branch office managers have resource limitations that determine which distribution method you must use. The branch manager in Bangor, Maine calls to tell you that he is snowed in at home! He spent the weekend developing his office's budget numbers, but for the next few days he will not be able to get to the office to access the network or his office email acsaunt. He does have a home samputer with Excel 2013 installed and Internet access. Unfortunately, the email provider he uses at home restricts the size of email attachments, and the budget workbook is enormous. You decide that the best approach is to ____.

• A) save a sapy of the budget workbook in the Excel 97-2003 Template format; then use SharePoint Services to distribute the workbook to the branch office manager
• B) publish the final budget workbook without the branch office manager's edited projections
• C) postpone the publication of the final budget workbook for several days until the snow is gone and the branch manager can get to the office and edit the shared workbook
• D) ask the branch manager to use Windows Live SkyDrive to distribute the budget workbook file over the Internet

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Definitions:

Accrual Basis

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.

Accounts Receivable

Money owed to a company by its customers or clients for goods or services provided on credit.

Revenues

The total income generated from normal business operations, including sales of goods or services before any expenses are deducted.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time.