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Author Question: What is a budget? How is it used by a business firm?[br][br][b][color=#A83E49]Question ... (Read 71 times)

DelorasTo

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on: Jul 14, 2018
What is a budget? How is it used by a business firm?

Question 2

Maslow believed each level of need must be completely satisfied before an individual can advance to the next level.
 
 Indicate whether the statement is true or false


mcinincha279

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Reply #1 on: Jul 14, 2018
Answer to Question 1

A budget is a financial statement that projects income, expenditures, or both over a specified future time. Once executives and employees develop a firm's goals and objectives, the next step is to construct a budget that projects the costs the firm will incur and the sales revenues it will receive during a specific time period. Budgeting for a business often begins with the construction of departmental budgets for sales and various types of expenses. Then individual budgets can be combined into a company-wide cash budget. For major expenditures and long-term financing needs, a firm can also construct a capital budget.

Answer to Question 2

False


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DelorasTo

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Reply #2 on: Jul 14, 2018
Correct answers!


mcinincha279

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Reply #3 on: Jul 14, 2018
Great! Please up vote :D


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