Computers And Technology College

What is meant by a balanced budget?

A. inflows are greater than outflows

B. inflows are less than outflows

C. inflows are equal to income

D.inflows are greater than or equal to outflows.

Answers

Answer 1

Answer:

D.inflows are greater than or equal to outflows.

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.

A balanced budget is a type of budget in which inflows are greater than or equal to outflows. Thus, when cash inflows (income) is greater than or equal to cash outflows (expenses), a budget is said to be balanced.

The first step of the budgeting process is to prepare a list of each type of income and expense that will be integrated or infused into the budget.

This ultimately implies that, before preparing a budget, it is of utmost importance to know total income (inflows) and expenses (outflows).

The final step to be made by the management of an organization in the financial decision-making process is to make necessary adjustments to the budget.

In conclusion, the benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies. It is typically used by individuals, government, organizations or companies due to the fact that, it's tied directly to the strategy and tactics of a company on an annual basis. Also, it is used to set a budget for marketing efforts while anticipating on informations about the company.

Related Questions

what are the events?

Answers

Answer:

a thing that happens or takes place, especially one of importance.

In the following cell, we've loaded the text of Pride and Prejudice by Jane Austen, split it into individual words, and stored these words in an array p_and_p_words. Using a for loop, assign longer_than_five to the number of words in the novel that are more than 5 letters long. Hint: You can find the number of letters in a word with the len function.

Answers

Answer:

Explanation:

Since the array is not provided, I created a Python function that takes in the array and loops through it counting all of the words that are longer than 5. Then it returns the variable longer_than_five. To test this function I created an array of words based on the synapse of Pride and Prejudice. The output can be seen in the attached picture below.

def countWords(p_and_p_words):

   longer_than_five = 0

   for word in p_and_p_words:

       if len(word) > 5:

           longer_than_five += 1

   return longer_than_five

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