Question

Which of the following are considered cash disbursements?

Select one:

A. Direct materials purchased on account

B. Accrued interest

C. Proceeds from stock sales

D. Sale of investments

E. Tax payments

Which of the following are not advantages ofbudgeting?

Select one:

A. It helps management to get out of just doing things the sameway and notice what can be improved.

B. It helps a company achieve their long-range goals.

C. It can be used for performance evaluation.

D. It gives greater control to lower management and lets eachdepartment define their own objectives.

E. None of the above are advantages of budgeting.