A series of budgeted amounts for varying levels of activity is called a: a. vari

Question

A series of budgeted amounts for varying levels of activity is called a: a. variable budget b. continuous budget 4. c. flexible budget d. zero-based budget 5. Which of the following budgets is used most frequently for administrative functions? a. phased budget b. zero-based budget c. static budget d. flexible budget 6, Assume 80% of sales are collected in the month of sale, with the remain- der the following month. Sales for October and November were $640,000 and $860,000, respectively. What are the cash receipts from accounts receivable collections for November? a. $684,000 b. $816,000 c. $812,000 d. $860,000

Explanation / Answer

Answers:

4. Option A (Variable costs)

5. Option C (Static budget)

6.Option B (816000)

( 860000×80%)+(640000×20%)

688000+128000

816000

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