Complete the sentences below with the correct terms related to budgets. 1.A mana

Question

Complete the sentences below with the correct terms related to budgets.

1.A manager studies_____   to analyze whether the company’s outlays of money align with targets. This budget does not show income.

A. an expense budget B. a cash budget C. a capital budget D. a revenue budget

Bank of America’s _____ provides information such as its interest expense, or the interest the bank paid depositors, and its interest income, or the interest it earned by investing deposits over a period of time. This document also states the bank’s other revenues and expenses for the time period.

A. income statement B. Balance sheet C.leverage ratio D. activity ratio

Explanation / Answer

1. A. Expense budget.

2. D. Revenue budget.

3. Zero based budgeting- All aspects are considered from zero and no other reference is considered.

4. a and b are assets while c and d are liabilities.

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