ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Capital Budget
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Cash Flow Budget
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Purchase Budget
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Operating Budget
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Detailed explanation-1: -An operating budget is a financial plan that outlines the expected income and expenses of an organization over a set period of time, typically one year.
Detailed explanation-2: -1. Long-Term Budget: Long-term budgets are prepared for a period exceeding one year.
Detailed explanation-3: -Operating budgets include multiple parts like revenue, variable costs (such as payroll and cost of goods), and fixed costs (like rent and insurance). Other examples to consider when creating an operating budget are things like depreciation of assets, interest payments, and currency exchanges, if applicable.
Detailed explanation-4: -Examine your costs. Tally your list of sources of income. Calculate Fixed Costs. Include Variable costs. Estimate one-time Spends. Work out a cost with suppliers. Estimate your revenue. Cash flow projections. More items