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WGU D076 OBJECTIVE ASSESSMENT FINANCE SKILLS FOR
MANAGERS EXAM NEWEST 2025/2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED||
Why is "put $50 in a savings account each month for Christmas
gifts" a better budgeting goal than "save money for Christmas
gifts"? - ANSWER-Because it is specific and measurable
Why would a monthly mortgage payment be considered a fixed
expense? - ANSWER-Because the payment is the same amount
each month
Which action would help you make your budget more efficient? -
ANSWER-Compare your budgeted cash flows to your actual cash
flows, and then revise the budget if necessary.
Which item is an example of a cash receipt in a personal budget?
- ANSWER-A graduation gift of $100 from your grandmother
,2|Page
Which item represents an example of a cash disbursement a
business might have this month? - ANSWER-A rent check paid
and cashed for the warehouse the company uses
What three things should be included in a cash budget for a
business? - ANSWER-Cash receipts, cash disbursements, and
borrowing
Which items are considered cash disbursements for a business? -
ANSWER-Sales include both cash sales and credit sales.
What is the main reason why it is important to track and record
cash flows? - ANSWER-Tracking your cash flows allows you to
recognize where and how your money is spent so you can
monitor your cash flows and revise your budget as needed.
In what situation might the software method of tracking be
preferable to the spreadsheet method of tracking? - ANSWER-
When a person has a hard time remembering to record their cash
flows and when they prefer to use a card to make purchases
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What is the purpose of monitoring your cash flows? - ANSWER-
Monitoring allows you to evaluate whether your actual cash flows
are in line with your goals and to understand when correction or
revision is needed.
Which processes help you identify and fix problems in your
budget? - ANSWER-Monitoring your budget allows you to identify
problems, and then gradual revision and implementation of new
processes allow you to fix those problems.
W&H Company wants to create a cash budget to better manage
its cash flows. The financial manager knows that the firm's labor
costs and materials costs are too high for the level of sales each
month. The firm also needs to keep better track of its cash flows
to assess its need for additional financing through short-term
loans.
W&H Inc.'s labor costs each month are an example of which item
in a cash budget? - ANSWER-Cash disbursement
, 4|Page
W&H Company wants to create a cash budget to better manage
its cash flows. The financial manager knows that the firm's labor
costs and materials costs are too high for the level of sales each
month. The firm also needs to keep better track of its cash flows
to assess its need for additional financing through short-term
loans.
After W&H Inc. has developed a cash budget, what should the
company do in the following months? - ANSWER-It should
monitor its actual cash flows and then revise the cash budget if
needed.
W&H Company wants to create a cash budget to better manage
its cash flows. The financial manager knows that the firm's labor
costs and materials costs are too high for the level of sales each
month. The firm also needs to keep better track of its cash flows
to assess its need for additional financing through short-term
loans.
Why would creating a cash budget be useful for W&H if the firm
needs a loan from the bank or another short-term lender? -
WGU D076 OBJECTIVE ASSESSMENT FINANCE SKILLS FOR
MANAGERS EXAM NEWEST 2025/2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) |ALREADY GRADED A+| ||PROFESSOR
VERIFIED||
Why is "put $50 in a savings account each month for Christmas
gifts" a better budgeting goal than "save money for Christmas
gifts"? - ANSWER-Because it is specific and measurable
Why would a monthly mortgage payment be considered a fixed
expense? - ANSWER-Because the payment is the same amount
each month
Which action would help you make your budget more efficient? -
ANSWER-Compare your budgeted cash flows to your actual cash
flows, and then revise the budget if necessary.
Which item is an example of a cash receipt in a personal budget?
- ANSWER-A graduation gift of $100 from your grandmother
,2|Page
Which item represents an example of a cash disbursement a
business might have this month? - ANSWER-A rent check paid
and cashed for the warehouse the company uses
What three things should be included in a cash budget for a
business? - ANSWER-Cash receipts, cash disbursements, and
borrowing
Which items are considered cash disbursements for a business? -
ANSWER-Sales include both cash sales and credit sales.
What is the main reason why it is important to track and record
cash flows? - ANSWER-Tracking your cash flows allows you to
recognize where and how your money is spent so you can
monitor your cash flows and revise your budget as needed.
In what situation might the software method of tracking be
preferable to the spreadsheet method of tracking? - ANSWER-
When a person has a hard time remembering to record their cash
flows and when they prefer to use a card to make purchases
,3|Page
What is the purpose of monitoring your cash flows? - ANSWER-
Monitoring allows you to evaluate whether your actual cash flows
are in line with your goals and to understand when correction or
revision is needed.
Which processes help you identify and fix problems in your
budget? - ANSWER-Monitoring your budget allows you to identify
problems, and then gradual revision and implementation of new
processes allow you to fix those problems.
W&H Company wants to create a cash budget to better manage
its cash flows. The financial manager knows that the firm's labor
costs and materials costs are too high for the level of sales each
month. The firm also needs to keep better track of its cash flows
to assess its need for additional financing through short-term
loans.
W&H Inc.'s labor costs each month are an example of which item
in a cash budget? - ANSWER-Cash disbursement
, 4|Page
W&H Company wants to create a cash budget to better manage
its cash flows. The financial manager knows that the firm's labor
costs and materials costs are too high for the level of sales each
month. The firm also needs to keep better track of its cash flows
to assess its need for additional financing through short-term
loans.
After W&H Inc. has developed a cash budget, what should the
company do in the following months? - ANSWER-It should
monitor its actual cash flows and then revise the cash budget if
needed.
W&H Company wants to create a cash budget to better manage
its cash flows. The financial manager knows that the firm's labor
costs and materials costs are too high for the level of sales each
month. The firm also needs to keep better track of its cash flows
to assess its need for additional financing through short-term
loans.
Why would creating a cash budget be useful for W&H if the firm
needs a loan from the bank or another short-term lender? -
