Asked by
Michael Kolodin
on Oct 23, 2024
Verified
Which of the following budgets is usually prepared at the start of the budgeting process?
A) Production budget
B) Annual budget
C) Operating budget
D) Sales budget
Operating Budget
A comprehensive forecast that outlines expected revenue from sales and all anticipated expenses over a specific time frame, typically one year.
Sales Budget
An estimate of the amount of revenue that will be generated from sales during a specific period.
- Familiarize yourself with the assortment of budgets and the techniques for their compilation.
Verified Answer
ZG
Learning Objectives
- Familiarize yourself with the assortment of budgets and the techniques for their compilation.