The Three Components of the Operating Budget Are the Sales

question 13

True/False

The three components of the operating budget are the sales budget; inventory,purchases and cost of goods sold budget; and the cash budget.

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Definitions:

Financial Plan

A comprehensive document detailing an individual's or organization's long-term financial goals and the strategies to achieve them.

Financial Planning

The process of determining how an individual or organization will afford to achieve its strategic goals and objectives.

Debt Capacity

The ability to borrow to increase firm value.

Financial Planning

A comprehensive evaluation and strategy development for an individual's or organization’s financial future, including investments, insurance, savings, and budget management.