Katrina Aldridge the Yearly Auditing Review of Pilgrim Industries Is Scheduled for Scheduled

question 137

Multiple Choice

Katrina Aldridge
The yearly auditing review of Pilgrim Industries is scheduled for next month. Katrina Aldridge is preparing for that audit and is also preparing her budget for the coming year.
-Which of the following budgets will provide Katrina information about planned investments in major assets, such as buildings and heavy machinery?

• A) Cash budget
• B) Revenue budget
• C) Capital budget
• D) Expense budget
• E) Balance sheet budget

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Definitions:

Full Employment GDP

The total market value of all final goods and services that could be produced in a year at full employment.

Multiplier

In economics, the factor by which gains in total output are greater than the change in spending that caused it, often used in the context of fiscal policy effects.

Equilibrium GDP

The level of GDP at which total supply and total demand in the economy are equal, resulting in no inherent tendency for the economy to change its level of output.

Full Employment GDP

The maximum output that an economy can produce without causing inflation, when all available resources are utilized efficiently.