The budget for a merchandiser differs from a budget for a manufacturer because

The budget for a merchandiser differs from a budget for a manufacturer because

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The budget for a merchandiser differs from a budget for a manufacturer because: (a) a merchandise purchases budget replaces the production budget. (b) the manufacturing budgets are not applicable. (c) None of the above. (d) Both (a) and (b) above. In most cases, not-for-profit entities: (a) prepare budgets using the same steps
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Unformatted text preview: as those used by profit-oriented enterprises. (b) know budgeted cash receipts at the beginning of a time period, so they budget only for expenditures. (c) begin the budgeting process by budgeting expenditures rather than receipts. (d) can ignore budgets because they are not expected to generate net income....
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This note was uploaded on 12/26/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

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