Listed Below Are Elements of the Master Budget

question 77

Essay

Listed below are elements of the master budget. Determine whether each budget is an operating budget or a financial budget. Place an O for operating budget or F for a financial budget.
1.Capital expenditures budget
2.Cost of goods sold budget
3.Revenues budget
4.Budgeted statement of cash flows
5.Distribution costs budget
6.Marketing costs budget
7.Cash budget
8.Direct materials cost budget
9.Budgeted balance sheet
10.Budgeted income statement

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Definitions:

Cyclic Electron Pathway

Alternate form of the light-dependent reactions in photosynthesis that does not produce NADPH.

Noncyclic Electron Pathway

Light-dependent photosynthetic pathway that is used to generate ATP and NADPH. Because the pathway is noncyclic, the electrons must be replaced by the splitting of water (photolysis).

Calvin Cycle Reactions

A series of biochemical redox reactions that take place in the stroma of chloroplasts in photosynthetic organisms. It is a critical part of the process of carbon fixation, converting carbon dioxide into glucose.

Stroma

The supportive tissue of an epithelial organ, tumor, gonad, etc., consisting of connective tissues and blood vessels.