The Budgeting Method That Relies on Gross Revenue Is Known

question 22

Multiple Choice

The budgeting method that relies on gross revenue is known as the ______________ method.

• A)Per-unit
• B)Objective-and-task
• C)Percent-of-sales
• D)Comparative-parity
• E)All-you-can-afford

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Definitions:

Collection Float

The time interval between when a payment is deposited and when funds become available in the company’s account, affecting cash flow.

Cheques

Written, dated and signed instruments that direct a bank to pay a specific sum of money to the bearer.

Disburses

The act of paying out or distributing funds, typically related to the operational expenses or investment payouts of a company.

Average Amount

A statistic that represents the central or typical value of a set of numbers, calculated by dividing the sum of all values by the number of values.