The correct answer is: D. operating budget
An operating budget is a financial plan for a specific period of time that outlines a company’s expected revenues, expenses, and profits. It is used to help managers make decisions about how to allocate resources and to track the company’s performance.
A budgeted income statement is a financial statement that shows a company’s projected revenues, expenses, and profits for a specific period of time. It is prepared using the same format as a regular income statement, but it includes projections instead of actual results.
Supporting budget schedules are detailed financial statements that provide information about the specific costs and revenues that are included in the budgeted income statement. They are used to help managers understand the assumptions that were made in preparing the budgeted income statement and to track the actual results against the projections.
A focused statement is a financial statement that highlights a specific area of a company’s operations. It is often used to provide information to investors or creditors.
A slack statement is a financial statement that shows a company’s projected revenues, expenses, and profits assuming that everything goes perfectly. It is used to help managers identify the risks and challenges that the company faces.