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Author Question: How would you develop an annual operations budget for a construction company? How is it used to ... (Read 56 times)

RRMR

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on: Jul 26, 2018
How would you develop an annual operations budget for a construction company? How is it used to assess the financial performance of the company?
 
  What will be an ideal response?

Question 2

How is working capital calculated, and why is it an important financial measure for a construction company?
 
  What will be an ideal response?


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raenoj

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Reply #1 on: Jul 26, 2018
Answer to Question 1

An annual operations budget is a financial plan for a given year based on forecast revenues and expenditures. It is used as a benchmark in evaluating the company's financial performance during the year.

Answer to Question 2

Working capital are the current assets less the current liabilities, and are the liquid assets that are available to finance future operations.


RRMR

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Reply #2 on: Jul 26, 2018
TY


raenoj

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Reply #3 on: Jul 26, 2018
You're welcome


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