Business, 14.12.2019 04:31 genyjoannerubiera

Acomprehensive business plan that includes specific plans for expected sales, the units of product to be produced, the merchandise or materials to be purchased, the expenses to be incurred, the long-term assets to be purchased, and the amounts of cash to be borrowed or loans to be repaid, as well as a budgeted income statement and balance sheet.

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Answer from: suzymott1562

A Master Budget

Explanation:

What is a Master Budget

A master budget is the central planning and forecast tool for an organisation. It is the main budget in an organisatoin that that is computed or developed from all the individual budgets developed by different functional departments in an organisation.

Alongside all the relevant components of a master budget, an explanatory text may be issued to explain how the budget will assist an organisation to achieve it goals and objective as well as the strategic direction of the organisation. It will also contain texts on the specific management actions required to achieve the budget.

The presentation of a master budget is usually in monthly, quarterly, bi-annual and annual formats to represent a fiscal year.

Components of a Master Budget

Expected Merchandise or material to be purchased Expected Income and Expenses for the periodOverhead and ProductionLong-term assets to be acquired as well as expected short and long term liabilities due for payment within the year or to be borrowedThe budgeted financial statement for the period

At the end of the fiscal or financial year, the budgeted expenditure is compared with the actual to see how the organisation fared.

Answer from: Quest

answer; i believe both technician (a) and (b) are correct; /// good luck

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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Acomprehensive business plan that includes specific plans for expected sales, the units of product t...

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