The Willsey Merchandise Company has budgeted $40,000 in sales for the month of December. The company's cost of goods sold is 30% of sales. If the company has budgeted to purchase $18,000 in merchandise during December, then the budgeted change in inventory levels over the month of December is:

Budgets perform the function of:

Which of the following items would NOT be included in the cash budget?

A flexible budget differs from a fixed budget in that more than one set of input values for variables such as Sales are used.

Which of the following would be classified as spontaneous liabilities?

Which of the following would decrease the need for additional discretionary financing, everything else constant?