ACC 350 Quiz 3 Questions with
complete solution 2025
T or F: Budgetary slack occurs when managers intentionally overstate
expected revenues or understate expected expenses - correct answer
✔False
What is a financial plan that managers use to coordinate a business's activity?
- correct answer ✔Budget
What budget presents the company's plan for purchasing long-term assets? -
correct answer ✔capital expenditures
Projected manufacturing cost per unit of product does not include which: dl,
dm, sales commision - correct answer ✔sales commision
a "what if" technique that estimates profit or loss results if sales price, costs,
volume, or underlying assumptions change - correct answer ✔sensitivity
analysis
sales price x the expected number of units sold=? - correct answer
✔budgeted total sales
When a company is preparing a budgeted statement of cash flows, the
payments for selling and administrative expenses can be obtained from the? -
correct answer ✔cash budget
What requires managers to develop overall business goals and budget for
specific actions to achieve the goals? - correct answer ✔budgeting
complete solution 2025
T or F: Budgetary slack occurs when managers intentionally overstate
expected revenues or understate expected expenses - correct answer
✔False
What is a financial plan that managers use to coordinate a business's activity?
- correct answer ✔Budget
What budget presents the company's plan for purchasing long-term assets? -
correct answer ✔capital expenditures
Projected manufacturing cost per unit of product does not include which: dl,
dm, sales commision - correct answer ✔sales commision
a "what if" technique that estimates profit or loss results if sales price, costs,
volume, or underlying assumptions change - correct answer ✔sensitivity
analysis
sales price x the expected number of units sold=? - correct answer
✔budgeted total sales
When a company is preparing a budgeted statement of cash flows, the
payments for selling and administrative expenses can be obtained from the? -
correct answer ✔cash budget
What requires managers to develop overall business goals and budget for
specific actions to achieve the goals? - correct answer ✔budgeting
