____________ Is the Amount a Business Earns Over and Above

question 112

Multiple Choice

____________ is the amount a business earns over and above what it spends for salaries and other expenses.

• A)Profit
• B)Revenue
• C)Interest
• D)Dividends

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Definitions:

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, typically used for managing liquidity.

Sales Budget

An estimate of expected sales revenue for a particular period, forming the basis for setting other budgets in the company.

Finished Goods Inventory

Products that have completed the manufacturing process but have not been sold or distributed to customers yet.

Specialized Electrical Switches

Custom or bespoke electrical switches designed for specific purposes, often requiring detailed engineering and manufacturing processes.