Which of the Following Budgets Uses Information from the Selling

question 157

Multiple Choice

Which of the following budgets uses information from the selling and administrative expense budget?

• A)Pro-forma budget
• B)Budgeted income statement
• C)Direct materials purchases budget.
• D)None of these ans choices are correct.

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Definitions:

CFO

Chief Financial Officer, an executive responsible for managing the financial actions of a company, including financial planning, risk management, and financial reporting.

Treasurer

A Treasurer is a financial officer responsible for overseeing the management and reporting of an organization's finances, ensuring proper handling of cash flow, investments, and financial planning.

Financial Manager

A professional responsible for managing an organization’s financial health by planning and directing investment activities, developing financial strategies, and managing risks.

Long-Term Sources

Financing options available to a business that have a repayment period of more than one year, such as bonds or long-term loans.