Every business, even a not-for-profit business, needs a budget. A business budget can be looked at as the fuel that drives the business. To understand what that means, we first have to define what a business budget is, which we’ll do in a moment. This blog also explains the importan...
解析 A budgetis a spendingplan.【答案】A budget is a spending plan.【核心短语/词汇】according to 根据【翻译】根据文章,预算是什么?【解析】根据文章第一段第一句话“A budget is a spending plan.(预算是一个支出计划。)”可知,预算是一个支出计划。故该题答案为A budget is a spending plan. ...
A static budget is a budget in which the amounts will not change even with significant changes in volume. In contrast to a static budget, a company’s sales department might have a flexible budget. In the flexible budget, the sales commissions expense budget would be stated as a percentage...
Definition:A budget is a formal statement of estimated income and expenses based on future plans and objectives. In other words, a budget is a document that management makes to estimate therevenuesandexpensesfor an upcoming period based on their goals for the business. ...
A budget is a spending plan for a certain length of time based on income and expenses. Having a budget means you can understand and take control of your money.
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A fixed budget is a budget that does not change or flex for increases or decreases in volume. (“Volume” could be sales, units produced, or some other activity.) A fixed budget is also known as a static budget. Example of Fixed Budget To illustrate a fixed budget, let’s assume that...
What is Included in an IT budget? What is a Typical IT Budget? IT Budget Components Who Should Control the IT Budget? Why is it Important to Have an IT Budget? How Should Companies Plan Their IT Budget During Digital Transformation? Conclusion What is an IT Budget? An IT budget is a...
What Should Be Included in an Operating Budget? An operating budget helps you strategize and is part of what makes a business profitable or aproject successful. It sets up your business or project for the year ahead and gives you the data you need to track whether you’re keeping to your...
The importance of budgeting cannot be understated. A budget, also known as cash flow, is arguably more important than the actual cash that you have in your bank and investment accounts. Your cash flow is what allows you to pay for everything (or not). ...