Which type of budget identifies projected sales and production goals and the various costs the firm will incur in order to meet these goals?
A) cash budget
B) operating budget
C) capital expenditure budget
D) budgeted balance sheet

Question

Quizplus · Accepted Answer

The operating budget identifies projected sales and production goals and the various costs the firm will incur in order to meet these goals. The cash budget focuses on the cash inflows and outflows of the firm, while the capital expenditure budget outlines the expected expenditures on long-term assets. The budgeted balance sheet projects the financial position of the firm based on the budgeted income statement and cash flow statement.

Which Type of Budget Identifies Projected Sales and Production Goals