Which of the Following Is the Most Common Starting Point

question 136

Multiple Choice

Which of the following is the most common starting point in the information gathering process for budgeting?

• A) the personnel forecast
• B) the sales forecast
• C) the production forecast
• D) the projected income statement

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Definitions:

Statement of Cash Flows

A financial report that provides aggregate data regarding all cash inflows and outflows a company receives from its ongoing operations, investing, and financing activities.

Net Increase

The amount by which something grows or rises, subtracting decreases from increases over a period of time.

Financing Activities

Transactions and events that affect long-term liabilities and equity of an organization, such as issuing stock or obtaining a loan.

Financing

The act of providing funds for business activities, making purchases, or investing.