1. Cash budgets should include noncash charges such as depreciation: (a) true; (b) false. 2. Cash budgets are prepared on a short-term basis such as on a monthly, quarterly, or even weekly basis: (a)...

1. Cash budgets should include noncash charges such as depreciation: (a) true; (b) false.

2. Cash budgets are prepared on a short-term basis such as on a monthly, quarterly, or even weekly basis: (a) true; (b) false.

3. Operating budgets would include cash budgets: (a) true; (b) false.

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1. The pro forma______________ shows the expected operating results for the budgeting year, while the pro forma__________________ shows the expected financial condition at the end of budgeting period.

2. Desired ending inventory figures appear on both budgeted___________ and______________ .

3. The idea behind preparing cash budgets is to avoid unnecessary cash_____________ and ___________.

4. _____________________are often used to develop budgets in order to evaluate alternative courses of action.

5. A shortcut approach to formulating a budget uses a version of the ________________.