1.
plan for future in quantitative terms
2.
compilation of all budgets/schedules prepared
3.
standard achieved if operating conditions are perfect
4.
budget which shows expected sales for physical and financial period
5.
budget that uses information from sales budget plus desired ending inventory
6.
budgeting approach that relies on predetermined standards set by upper-level management
7.
standard that can be achieved under practical operating conditions
8.
strategy where company begins each budget period with zero budget
9.
difference between reported budget and realistic budget numbers
10.
schedule that shows anticipated cash collections
11.
expressing company's goals and objectives
12.
allows individuals who are affected by the budget to have input in budgeting process
13.
strategy where company uses prior period's budget as a starting point
14.
indicated planning expenditures for marketing and distribution activities
15.
shows the expected cash outflows
