Madison has been assigned to work on the development of a budget that plans future 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 plans for long-term investments in major assets. A cash budget tracks the flow of cash in and out of an organization, a revenue budget predicts incoming revenue, an operating budget plans for day-to-day expenses, and an expense budget outlines specific expenses for a particular period.

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