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jasenka [17]
3 years ago
13

LO 8.4What is the main difference between a flexible budget and a master budget?

Business
1 answer:
zhannawk [14.2K]3 years ago
7 0

Answer:

Flexible budget and master budget are very different.

Explanation:

The "master budget" is the sum of all the budgets that are prepared by a company's various departments. They include financial statements that are budgeted, a financing plan and a cash forecast. They are based on one specific level of production.  

A "flexible budget" is a budget that changes or adjusts when the level of activity changes. They are dynamic in nature and can be operated on many levels of output. It is realistic and not based on assumption.

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3 years ago
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Answer:

Large firm can gain control of natural resources.

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3 years ago
What factors will determine the sizes of the​ shortages? The extent of the excess demand implied by the shortages will depend on
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Answer:

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3 years ago
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Answer:

The correct answer is B

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