The master budget quantifies forecasts for all of the following EXCEPT ________.
A)cash disbursements
B)purchases of merchandise
C)operating expenses
D)cost of Securities and Exchange Commission to a firm

Question

Quizplus · Accepted Answer

The master budget quantifies forecasts for a company's financial activities such as cash receipts, cash disbursements, sales revenue, purchases of merchandise, and operating expenses. However, the cost of Securities and Exchange Commission (SEC) to a firm is not a financial activity of the company and therefore not included in the master budget.

The Master Budget Quantifies Forecasts for All of the Following