ACCT. 202- CH. 19 QUIZ - BUDGETS
1. Which one of the following is not a benefit of budgeting? a. It facilitates the coordination of activities. b. It provides definite objectives for evaluating performance. c. It provides assurance that the company will a
Amounts due from individuals and companies that are
expected to be collected in cash.
owe on account that
result from the sale of
goods and services.
REPORTING AND ANALYZING LONG-LIVED
Plant assets are critical to a companys success.
Percentages of plant assets in relation to total assets
Tangible Fixed Assets
Plant assets are resources that have
Buy and Market/Sell Goods
The primary source of merchandising revenues is referred to as