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 54 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?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Men experience more trauma in their lifetimes, but women are more likely to develop PTSD. Men experience more trauma in their lifetimes, but women are more likely to develop PTSD.
Per capita annual alcohol consumption (2005) Per capita annual alcohol consumption (2005)
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 ...
Operations Research Operations Research
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Cell mediated immune response to a viral infection Animation

For a complete list of videos, visit our video library