![]() Project budget: The project budget is a prediction of the costs associated with a particular company project. Marketing budget: The marketing budget is an estimate of the funds needed for promotion, advertising, and public relations in order to market the product or service. The cash flow budget helps the business determine when income will be sufficient to cover expenses and when the company will need to seek outside financing. It usually covers a period in the short term future. Cash Flow/Cash budget: The cash flow budget is a prediction of future cash receipts and expenditures for a particular time period. The production budget also estimates the various costs involved with manufacturing those units, including labor and material. ![]() Production budget: Product oriented companies create a production budget which estimates the number of units that must be manufactured to meet the sales goals. It is used to create company sales goals. īudget types Sales budget: The sales budget is an estimate of future sales, often broken down into both units and dollars. Enable the actual financial operation of the business to be measured against the forecast. Provide a forecast of revenues and expenditures, that is, construct a model of how our business might perform financially if certain strategies, events and plans are carried out. In summary, the purpose of budgeting is to: 1. In other terms, a budget is an organizational plan stated in monetary terms. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. ![]() WHAT IS BUDGET? A budget is a list of all planned expenses and revenues. What is Budget? Types of Budget What is Personal Budget? Tools used for creating a personal budget Following a Budget Home Budget for Chopra Family Example For the Month of January Bar graph Pie chart Pie chart Conclusion Bibliography I also thank my parents for their constant help and support for me during this project. i have learnt a lot about planning a house in this project. I would like to thank my Math's Sir, Vilas Wagh, for giving me such an interesting project.
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