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When people develop a first draft of their revenue and expense is budget what do they often discover?
When developing a first draft of their revenue and expense budget, people often discover discrepancies between their projected income and expenses, leading to a clearer understanding of their financial situation. They may identify areas of overspending or potential revenue shortfalls, prompting them to reassess their financial goals. This initial draft also helps highlight unexpected costs or opportunities for savings, allowing for more informed decision-making moving forward. Overall, it serves as a valuable tool for financial planning and strategy.
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Ask us people develop a first draft of their revenue and expense budgets what do they often discover?
They often discover that things don't add up! As it is a draft budget, they have time to correct any mistakes.
How are the statistics revenue expense and operating budget related?
ask your brain
What is a flexible budget?
Definition A set of revenue and expense projections at various production or sales volumes. The cost allowances for each expense are able to vary as sales or production vary.
Which describes a budget in which expenditures exceed revenue?
budget deficit
What best describes a budget with equal expenditures and revenue?
balanced budget
Ask us people develop a first draft of their revenue and expense budgets what do they often discover?
They often discover that things don't add up! As it is a draft budget, they have time to correct any mistakes.
How are the statistics revenue expense and operating budget related?
ask your brain
What is a flexible budget?
Definition A set of revenue and expense projections at various production or sales volumes. The cost allowances for each expense are able to vary as sales or production vary.
What is componets of flexiable budget?
A flexible budget, or "flex" budget, incorporates different expense levels into the budget, depending upon changes in the amount of actual revenue generated. This approach varies from the more common static budget, which contains nothing but fixed expense amounts that do not vary with actual revenue levels.In its simplest form, the flex budget uses percentages of revenue for certain expenses, rather than the usual fixed numbers. This allows for an infinite series of changes in budgeted expenses that are directly tied to actual revenue incurred. However, this approach ignores changes to other costs that do not change in accordance with small revenue variations. Consequently, a more sophisticated format will also incorporate changes to many additional expenses when certain larger revenue changes occur, thereby accounting for step costs. By incorporating these changes into the budget, a company will have a tool for comparing actual to budgeted performance at many levels of activity.
What is main difference between capital budget and revenue budget?
While the capital budget and revenue budget are both budgets, the capital budget is incorporated for the long term. A revenue budget is made for the short term.
Can a school district pass a budget that has more expenses than revenue?
Yes, assuming the applicable laws permit passing an unbalanced budget. There may be a valid reason for doing so. For example, bond revenue received in one year could be applied to a capital expense the following year.
What is the budget of Colorado Department of Revenue?
The budget of Colorado Department of Revenue is 926,000,000 dollars.
Definition of budget deficit?
If the revenue is less than the expenditure, a budget is said to be in deficit. A budget is divided into 3: a. Surplus budget b. Deficit budget c. Balanced budget Surplus : REVENUE greater than EXPENDITURE Deficit : REVENUE less than EXPENDITURE Balanced : REVENUE equals EXPENDITURE
How do you develop budget report?
how to develop budget
Which describes a budget in which expenditures exceed revenue?
budget deficit
How much did Eddie Murphy make for Shrek?
Budget$60 millionBudget$60 millionBudget$60 million shrek : Budget $60 million Gross revenue$484,409,218[ gross revenue $484,409,218. shrek 2 : budget $150 million gross revenue $919,838,758. shrek 3 : Budget $160 million gross revenue $798,958,162. shrek forever after (shrek 4): Budget $290 million.
What is an expected expense in a budget that remains constant?
An expected expense in a budget that remains constant is called a fixed expense. This means the cost stays the same each month, such as rent or a car payment.
