Finance

Question 1

What is operating budget?

Answer 1

operating budget used for daily operations and includes general expenses, such as salaries, education, insurance, maintenence, depreciation, debts, and profits.

Question 2

What are the 3 elements of budgets?

Answer 2

The 3 elements of budgets are:
Statistics
Expenses
Revenue

Question 3

What is capital budget?

Answer 3

capital budget determines which capital projects ( such as remodeling, repairing,purchasing of equipment or building) will be allocated funding for the year.
These expenditures are base on cost benefit analysis and prioritization needs.

Question 4

What is cash balance budget?

Answer 4

cash balance budget project cash balances for specific future time period, including all operating and capital budget items.