Deviations from the Budget Can Occur Because of Good Decisions,bad

question 47

True/False

Deviations from the budget can occur because of good decisions,bad decisions,or events.

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Definitions:

Net Income

The total profit or loss of a company after all revenues, costs, and expenses have been accounted for, over a specific period.

Operating Activities

The core revenue-generating activities of a business, including production, sales, and delivery of the company's product and services.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Cash Flow

The total amount of money being transferred into and out of a business, especially affecting liquidity.