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lollie614 lollie614
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A year ago
Match the following terms to the appropriate statement by placing the letter to the left of each statement.

a.Budgetary slackf.Participative budget
b.Cash receipts budget g.Practical standard
c.Ending inventory and cost of goods sold budgeth.Pro-forma financial statements
d.Ideal standardi.Rolling budget
e.Operating budgetj.Top-down budget

______1.Signifies perfection
______2.Based on assumed rather than actual results
______3.A type of problem common in a bottom-up budget environment
______4.The most efficient method of budget preparation.
______5.The first component of the master budget
______6.Shows when and how much cash is expected to be collected from
​the sale of products or services
______7.A budget which always includes 12 months of data, but as 1 month ends,
​it is removed from the budget.
______8.Also referred to as bottom-up budget
______9.The final component of the operating budget
______10.Represents a level of performance that can be attained with reasonable effort.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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slmseuf1105slmseuf1105
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lollie614 Author
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A year ago
Just got PERFECT on my quiz
dianeflunder
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Yesterday
Correct Slight Smile TY
gefa
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2 hours ago
You make an excellent tutor!
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