Match each phrase that follows with the term it describes.
1. Budget
2. Capital expenditures budget
3. Sales budget
4. Production budget
5. Cash budget
6. Budgeted balance sheet
A. an accounting report that presents predicted amounts of the company's assets, liabilities, and equity as of the end of the budget period
B. plans an important role for organizations in planning, directing, and controlling a company's future goals
C. a plan showing the units of goods to be sold and the sales to be derived; usually the starting point in the budgeting process
D. a plan that lists dollar amounts to be both spent on purchasing additional pant assets to carry out the budgeted business activities
E. a plan showing the number of units to be produced each month
F. a plan that shows the expected cash inflows and outflows during the budget period, including receipts from loans needed to maintain a minimum cash balance and repayments of such loans

Respuesta :

Answer and Explanation:

The matching is as follows:

1. Budget - B. It would be play a significant role with respect to planning, directing, controlling for an upcoming goals of the company

2. Capital expenditure budget -D. As the capital expenditure is the one time expenditure that should be done for purchasing the extra plant asset

3. Sales budget - C. The plan that represent the sales unit and the sales value.

4. Production budget - E. The budget that represent the no of units produced each month

5.  Cash budget - F. It represent the cash inflows and cash outflow position

6. Budgeted balance sheet - A. It involved the assets, liabilities and stockholder equity

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