This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How would you develop an annual operations budget for a construction company? How is it used to ... (Read 27 times)

RRMR

  • Hero Member
  • *****
  • Posts: 557
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?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raenoj

  • Sr. Member
  • ****
  • Posts: 340
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

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jul 26, 2018
TY


raenoj

  • Sr. Member
  • ****
  • Posts: 340
Reply #3 on: Jul 26, 2018
You're welcome


« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Polyps and polyposis. A polyp is a protruding growth from a mucous membrane lining a hollow organ. I Polyps and polyposis. A polyp is a protruding growth from a mucous membrane lining a hollow organ. I
The Stillwater Mining Company The Stillwater Mining Company
Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010 Median Annual Earnings of Full-Time Workers, by Gender, 1960–2010
Operations Management question Operations Management question
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Days 18–23 Bumps of mesoderm (somites) form. They will develop into the dermis and most of the ... Days 18–23 Bumps of mesoderm (somites) form. They will develop into the dermis and most of the ...
Video: Hormonal regulation of blood pressure - RAA system

For a complete list of videos, visit our video library