An Example of a Discretionary Expenditure Is

question 117

Multiple Choice

An example of a discretionary expenditure is:

• A) going to the grocery store.
• B) replacing children's worn-out clothes.
• C) a trip to Disney World.
• D) maintaining a car.

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period.

Expected Sales

Forecasted or projected revenue figures estimated from future sales over a specific period.

Flexible Budgeting

A budgeting process that allows for adjustments to budgetary allocations based on changes in actual performance, revenue, or other factors.

Sales Budget

A financial plan that estimates the revenues expected from sales over a future period.