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FEATURES OF A BUDGET
a. It is prepared for a specific period.
b. It is expressed in quantity or money or both.
c. It is a statement describing objectives of a concern and policies to be adopted to get such objectives.
CLASSIFICATION OF BUDGETS Budgets can be categorized on the basis of several bases. There are three important bases for classifying budgets. They are - functions, time, and
Cash flow duration, like effective duration, considers the change in the cash flow due to prepayment with the change in the interest rate. In effective duration,
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Explain the organization and function of commodities exchange
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What is the annual tax shield to a firm that has total assets of $80 million and a net worth of $55 million, if the average interest rate on debt is 8.5% and the marginal tax rate
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