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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Q Question 1 2 / 2 pts What functional role do management accountants play in the budgeting process? Question 2 2 / 2 pts The plowback ratio is also referred as the: Question 3 2 / 2 pts What is discretionary income? Question 4 0 / 2 pts The master budget will comprise: Question 5 2 / 2 pts Which of the following steps in the preparation of a master budget would logically be performed last?

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1.They facilitate and co-ordinate the budgeting process 2.earnings retention ratio 3.It is the income that remains after taxes and fixed expenses are paid 4.The cash budget, the budgeted profit and loss account and the budgeted balance sheet 5.Prepare a budgeted balance sheet.