The mathematical relationships exist between operating and financing activities that affect master budget are called _____________?
Correct answer: A. financial planning models
- A. financial planning models
- B. math plan model
- C. operating plan models
- D. master plan modelsFinance
Explanation
Financial planning models express the mathematical relationships among operating activities, financing activities and their effect on the master budget. The other options are not established terms for these relationships.
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Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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