76 Which of the following is part of the budget preparation process A Available

76 which of the following is part of the budget

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76. Which of the following is part of the budget preparation process? A) Available resources B) Budget scope C) Budget format to be used D) All of these are correct. 77. The budget process should include: A) review of strategy. B) review of objectives C) forecast of workload. D) identifying special use of resources. E) All of these are correct. 78. Which of these statements is correct? A) Flexible budgets can be used to review prior performance of a department. B) Static budgets may be used to plan a goal for the budget period. C) Flexible
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budgets can be used to review prior performance of a department, and static budgets may be used to plan a goal for the budget period. D) None of these is correct. 79. Dividing operating costs into fixed and variable is necessary: A) for the construction of a flexible budget. B) for the construction of a state budget c) as a part of the advance preparation proces Dy for the construction of a white exible budget and as part of the advance preparation process 80. Midtown Clinic bought new equipment for $50.000. The clinic then sold its old equipment that is being replaced for $6.000. What is the resulting cumulative cash flow? A)
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  • Spring '14
  • ChadT.Morris

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