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A budget tries to balance revenue (or income) and expenditure. Strictly speaking, any surplus of revenue over expenditure is allocated to a different class of "expenditure": savings. So the budget needs to ensure that the expenditure is not greater than the revenue.
The two do not have to be balanced in the short term. For example, you probably cannot spend in the next five minutes what you will earn in the next five minutes! You can build up savings to but big ticket items or pay for current expenditure from future savings.
But there is a need to balance these two items over a reasonable time frame. Consistent failure to do so results in bankruptcies: individual or corporate.
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What two quantities does a budget balance?
Income and expenditure.
What are ratios of equal quantities?
The ratio of two equal quantities is 1 .
An equation states that two quantities are what?
An equation states that the two quantities on each side of the equal sign are equal.
What is the name for multiply or divide two quantities by the same number?
If the quantities are related linearly, then the operation would mean SCALING Otherwise it is just operations on the two quantities by a constant
What is derived quantity?
Derived quantities are quantities which are made or found from other major quantities. There are two types of quantities. Ones are which are recognized throughout the world and using them other quantities are made.
What two quantities does a budget balance?
Income and expenditure.
What was the best way to describe eisenhower domestic policy?
Determined to balance the budget.
Is Government operating balance and Budget balance the same thing?
sorry not Budget deficit... budget balance
Is Government operating balance and Budget deficit the same thing?
sorry not Budget deficit... budget balance
Did Eisenhower balance the budget?
No. Eisenhower did not balance the federal budget. You must realize that Congress sets the budget. The president can only give his advice which need not be taken.
What are the release dates for Balance Your Budget - 1952?
Balance Your Budget - 1952 was released on: USA: 18 October 1952
Does the state of Georgia have to balance its budget?
According to the Georgia Constitution of 1983, yes, the government of the State of Georgia has to balance its budget. Then just what budget you are talking about becomes the question, after you have the general accounting notion of 'balanced budget'.
What actors and actresses appeared in Balance Your Budget - 1959?
The cast of Balance Your Budget - 1959 includes: Bob McGready as Himself - Host
How do the coefficient in a balance equation compare quantities of two substances?
Type your answer here... The ratio of the substances' coefficients equals the ratio of their number of moles.
Which budget is NOT necessary to prepare the budgeted balance sheet?
budget statement of cash flow
What should you do if your initial budget doesn't balance?
you restart setting up another budget
Massive tax cuts during a recession will create?
either a. a budget surplus b. a budget deficit c. a budget balance
