The starting point for budgeting should be estimating overheads because companies need to know much cash to borrow to cover their expenses.

Question

Quizplus · Accepted Answer

The starting point for budgeting should typically be forecasting revenue, as it sets the foundation for determining how much a company can afford to spend on overheads, production, and other expenses. Understanding potential income helps in planning and managing financial resources more effectively.

The Starting Point for Budgeting Should Be Estimating Overheads Because