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MB7-701 · Question #30

You plan to use the Copy Budget function to create a budget for next year based on this year's budget. Income and cost are projected to increase by 4%. How should you create the new budget?

The correct answer is A. Set Source to G/L Budget Entry and enter an Adjustment Factor of 1.04. See the full explanation below for the reasoning.

Question

You plan to use the Copy Budget function to create a budget for next year based on this year's budget. Income and cost are projected to increase by 4%. How should you create the new budget?

Options

  • ASet Source to G/L Budget Entry and enter an Adjustment Factor of 1.04.
  • BSet Source to G/L Budget Entry and enter an Adjustment Factor of 4%.
  • CSet Source to G/L Entry and enter an Adjustment Factor of 1.04.
  • DSet Source to G/L Entry and enter an Adjustment Factor of 4%.

How the community answered

(30 responses)
  • A
    77% (23)
  • B
    7% (2)
  • C
    13% (4)
  • D
    3% (1)

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