Question

Budgets that are revised by adding a new quarterly budget to replace the quarter that just elapsed are called: A) Production budgets. B) Sales budgets. C) Cash budgets. D) Rolling budgets. E) Capital expenditures budgets.

Answer 1

When a budget is revised by adding a new quarterly budget to replace a previous one, this is a D. Rolling budget.

What is a rolling budget?

This is a type of budget that is considered continuous and perpetual because it captures the needs of the company over a longer period.

For instance, a rolling budget might be for a year but divided into 4 parts for each quarter such that as each quarter comes along, the company will simply start using the next quarterly budget.

Find out more on rolling budgets at brainly.com/question/23209198.