A Budgeting Device on Which Annual Estimated Income and Expenses

question 66

Multiple Choice

A budgeting device on which annual estimated income and expenses are recorded for each month in an effort to look at surplus or deficit situations is called a

• A)cash-flow calendar.
• B)revolving savings fund.
• C)cash budget.
• D)budget control statement.

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Definitions:

Fast-Food Chain

A series of restaurants offering quick service and a menu of fast food items, typically operating under the same brand name.

Proposed New Product

A concept or prototype being considered by a company for development and market introduction.

Discount Rate

The interest rate used to discount future cash flows to their present value.

Net Present Value

A financial metric that calculates the value of a series of cash flows by discounting them to their present value, considering the time value of money.