Madison has been assigned to work on the development of a budget that lists planned investments in major assets such as buildings and heavy machinery. Madison is working on a(n) __________ budget.
A) cash
B) capital
C) revenue
D) operating
E) expense

Question

Quizplus · Accepted Answer

Madison is working on a capital budget, which typically lists planned investments in major assets such as buildings and heavy machinery. A cash budget focuses on projected cash flow, a revenue budget outlines expected income, an operating budget details planned expenses for ongoing operations, and an expense budget lists all planned expenses, regardless of whether they are capital investments or ongoing expenses.

Madison Has Been Assigned to Work on the Development of a Budget