On the line in front of each statement, enter the letter corresponding to the te

Question

On the line in front of each statement, enter the letter corresponding to the term that best
fits that statement. An item may be used more than once or not at all.
A. Cash budget E. Responsibility accounting
B. Financial accounting F. Master budget
C. Capital expenditures budget G. Indirect costs
D. Sensitivity analysis H. Operating budget
____ A company?s plan for purchases of property, plant, equipment, and other
long-term assets
____ Details how the company expects to go from the beginning cash balance to the
desired
ending cash balance.
____ A system for evaluating the performance of each responsibility center and its
manager.
____ A budget that projects cash inflows and outflows and the end of period balance
sheet.
____ Costs that cannot be traced to a single department

Explanation / Answer

On the line in front of each statement, enter the letter corresponding to the term that best
fits that statement. An item may be used more than once or not at all.
A. Cash budget E. Responsibility accounting
B. Financial accounting F. Master budget

D. Sensitivity analysis H. Operating budget

Capital expenditures budget A company?s plan for purchases of property, plant, equipment, and other
long-term assets

Master budget Details how the company expects to go from the beginning cash balance to the
desiredending cash balance.

Responsibility accounting A system for evaluating the performance of each responsibility center and its
manager.

Cash budget A budget that projects cash inflows and outflows and the end of period balance
sheet.

Indirect costs Costs that cannot be traced to a single department

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