What is a long term budget?

Asked by Crystal Janke on September 12, 2021

Categories: Personal finance Financial planning

Rating: 4.1/5 (79 votes)

Long-Range BudgetA budget with a term usually longer than one year. A long-range budget involves more uncertainty than a short-term budget because, typically, market movements and the business cycle are more easily predictable in the shortterm.

What are considered living expenses? An individual's ordinary and necessary living expenses include rent, mortgage payments, utilities, maintenance, food, clothing, insurance (life, health and accident), taxes, installment payments, medical expenses, support expenses when the individual is legally responsible, and other miscellaneous expenses which the

What is meant by capitalbudgeting? Capital budgeting, and investment appraisal, is the planning process used to determine whether an organization's long term investments such as new machinery, replacement of machinery, new plants, new products, and research development projects are worth the funding of cash through thefirm's capitalization structure (

Are expenses liabilities? An expense is the cost of operations that a company incurs to generate revenue. Unlike assets and liabilities, expenses are related to revenue, and both are listed on a company's income statement. Expenses are the costs of a company's operation, while liabilities are the obligations and-debts a company owes.