Author Question: Which of the following is true regarding the capital budget? a. Department managers are allocated ... (Read 41 times)

sdfghj · **on:** Aug 21, 2018

Which of the following is true regarding the capital budget?
a. Department managers are allocated capital dollars and allowed to spend them as they see fit.
b. Capital items include postage, travel, fees, and licenses.
c. Managers who ask for more than one capital expenditure are asked to prioritize.
d. The value of capital expenditures can be appreciated over time.

Question 2

When preparing an operating budget it is best to:
a. avoid using the budget as a monitor for departmental performance.
b. divide the money equally across all accounting periods.
c. not overlook each department's revenues.
d. make the budget as accurate as possible.