Why is the forecast of sales revenue considered to be the cornerstone of the master budget?
What will be an ideal response
The forecast of sales revenue is the cornerstone of the master budget because the level of sales affects expenses and almost all other elements of the master budget.
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___ is a project performance measurement technique that integrates scope, time, and cost data.
a. Cost baseline b. Earned value management c. Constructive cost modeling d. Parametric modeling
Trend analysis is:
A. accurately predicting labor demand for the next year using leading indicators. B. a chart that lists job categories held in one period and proportion of employees in each of those job positions. C. used to reliably detect relationship among variables during fluctuating and unstable conditions. D. useful when there are no historic data available.