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Business, 19.11.2019 23:31 vaneayala3078

What is the definition of a master budget?
a. a master budget is a budget that is always available for a specified future period. it is created by continually adding a month, quarter, or year to the period that just ended.
b. a master budget is a budget that expresses management's operating and financial plans for a specified period and includes a set of budgeted financial statements.
c. a master budget is a budget that focuses on the budgeted cost of the activities necessary to produce and sell products and services.
d. a master budget is a mathematical representation of the relationships among operating activities, financing activities, and other factors that affect the company. g

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What is the definition of a master budget?
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