Budget Control and Expenditure Homework Answers: Get the Basics Right!

thumbs up

Ease your homework burden with top-notch Online Homework Help. Say goodbye to deadlines stress and let our expert tutors handle your assignments effortlessly.

Focus on what truly matters while we handle the rest.

Rate this post

In any enterprise, budget is perhaps the most crucial managing and planning tool. Not only does it describe economic growth, but it also shapes profits. Budget is basically a measurable and organized quantity that can describe project planning. Budget can also be considered as a control tool since it is decisive in making the project activities with which the real results needs to be compared. For the purpose of control, trends and positive and negative variations are evaluated.

Organization goals are achieved by assigning budget control tasks to the organization along with the cost that is expected to be incurred, i.e., expenditure. Anyone studying Finance would obviously have to come across topics like budget and expenditure. Online budget control and expenditure homework answers can be really helpful for such students.

Defining budget

Budget can be defined as a quantitative expression of a plan that is stated in monetary terms. It has a specific limit and is defined with clarity for a certain time period. It includes aspect on which a company or a business firm considers improving upon. A budget may consider the entire firm as one or may include different departments.

A team for decision making makes up the budget by analyzing the revenue and expense of the firm. This team also studies the previous revenue and expenses of the firm. After a considerable amount of research, they come up with an appropriate budget that foresees the requirements of the firm under strict expenditure and cost.

If you have a proper understanding of the basic definition of budget, you won’t have much problem with your budget control and expenditure homework answers. Budget includes revenues, planned volume sales, expenses and costs, assets, liabilities, cash flows and resource quantities.

It basically expresses the primary strategic plans of the operation of business, which comprises of organizations, events, units and activities. To put it in simpler terms, budget is nothing but an amount of money that is allocated carefully for particular motive, and the intended expenditure is taken into consideration.

Types of Budget

Budgets can be categorized on two main bases: expenditure type and level of activity.

Budgets can either be operating budget or capital expenditure, depending on the expenditure type. The budget serves as a financial plan that allocates resources for various tasks or expenditure for different activities. Capital expenditure budget involves allocation of finances for buildings assets of the facility or plant. The bigger picture is taken into account over here, like investment in development and research by buying sophisticated machinery or building modern labs, all of which are long-term budget plans.

Profit generated via sales and operation costs are taken into consideration with operating budgets. It includes manufacturing budget, sales budget, distribution cost, administrative expenses, etc. The Rent, salaries, stationary, phone and electricity bills, taxes and audit fees also fall under operating budget.

Budget can be classified into fixed and flexible budget, depending on the level of activity. The finances are predefined with fixed budget. Government budget is an example of fixed budget. Such kind of budget is best suited for enterprises where quality or quantity of production doesn’t fluctuate a lot and remains more or less the same. Flexible budget, on the other hand, shows the real costs incurred while planning, production and also after production. This kind of budget includes activities whose costs vary with time and production may fluctuate as well.

Expenditure control

The definition of expenditure control is another thing that will help you with your budget control and expenditure homework answers. It is a crucial element for execution of budget. If the expenditure control system is effective, a desired level of fiscal discipline is maintained. It also allows agencies to implement the planned activities in an appropriate manner.

Expenditure control includes elements like ascertaining budget availability, financial and administrative sanctions, processing and recording controls including segregation and delegation, certification and lastly approval and disbursal of payments.

Types of Expenditure control

For proper recording and classification, expenditures are classified broadly into two main categories: Capital and Current. The expenditures for daily financing activities are called current expenditures. It includes expenditures on allowances and pays, maintenance of properties, buildings, utilities, office supplies, etc.

Capital expenditures, on the other hand, are expenditures incurred for medium-term or short-term which involve long-term returns such as expenditure for acquiring immoveable properties, structures, training, vehicle, equipment, plant, etc.

Getting Online Help

If you are stuck with your homework related to budget and expenditure control, you should definitely consider hiring online homework help services. You can get assistance from excellent tutors who are more than capable of providing accurate budget control and expenditure homework answers. The best aspect of such a service is that you can avail it anytime and you get the necessary assistance right at your home. In case you have some doubts, you can also consult the blog on “financial modeling homework answers”, and clarify your doubts.

Budget Control Characteristics

  • The sales for future are projected by the budget. All other expenses are dictated by sales forecasting.
  • When the budget is approved, the whole organization shows commitment for achieving goals that are clearly defined.
  • The long-term budget is further broken down into short-term budget like monthly, quarterly, etc.
  • The projected production helps evaluate actual performance
  • Variations and deviations are properly scrutinized, and necessary steps are taken for putting the activity back on track.

Everything mentioned above is enough to give you a basic idea for framing your budget control and expenditure homework answers. Online homework help services are always there for you if you require further help.

You May Also Like

How We Help With Homework

Our Workflow

trustpilot ratings


trustpilot ratings


trustpilot ratings


Step 1

Submit your homework

  • Describe your task requirements, and set the deadline using our online form.

Step 2

Connect to qualified tutors

  • Receive instant quotes from experts. Pay using secure payment gateways.

Step 3

Get accurate solutions

  • Receive plagiarism-free solutions in your mentioned deadline. Unlimited free revisions included.

  • NHonest Pricing
  • NBetter Grades
  • NMoney-back Guarantee

High Student Satisfaction

70% Repeat Customers

help with homework

Frequently Asked Questions (FAQs)

Our Answers to Your Questions


How do I submit my assignment?

Getting assignment help is very simple with us. Students can either send us the homework via email or they can upload it to our online form here. For a quicker response, You can also chat with us at WhatsApp and submit homework directly. You are sure to get a response from our side within 10 minutes. You can pay for your order using secure PayPal or major credit card gateways.


Who will do my homework?

All our tutor experts are highly qualified professionals – holding at least Master’s degree in their fields. Currently, our tutor pool is made of 400 subject-specific experts.

Each expert has been individually chosen after a series of rigorous screen tests, which involves credential checks, work history analysis, writing sample assessment, and one-on-one interviews.


How much will my homework cost?

Each assignment is quoted a unique price. It is based on (i) complexity of task, (ii) your deadline and (iii) tutor’s estimate of the time it will take them to complete your homework. There are no obligations, and you are free to discuss the price quote with the tutor.

We also accept partial payment to start working on your assignment help. You can pay the remaining amount when your task gets completed. No pressure of up-front payment. No hidden order costs. We do not have a monthly fees or minimum payments for services.


Can I pay someone to help me with my homework?

Yes, you can pay online tutors for homework help. There is nothing wrong with asking for help from trained and professional subject tutors to clarify doubts regarding any assignment or coursework.


What mode of payment is acceptable?

There are several ways to pay for homework help:

  • Credit/Debit Card: You can use your credit or debit card to make a payment online. We accept VISA/MASTERCARD/AMEX.
  • PayPal is a secure online payment service that allows you to pay for essay writing services using your account balance or linked bank account.


Can I chat with my tutor?

Using our secure chat board, you can now chat directly with your assigned tutor. The chats are encrypted both ways to secure your privacy. This makes your contact with the tutor directly & confidentially, so you can better explain any requirements or changes if needed or just need updates.

You can't contact the experts outside of chat board platform. Sharing any personal information, including but not limited to contact information, goes against our Terms and Conditions and therefore may result in permanently blocking you from the platform. We take any personal data very seriously and we do it for the safety of our users.

Know more about chat board here.


Can I get free online homework help?

Our homework services are not free because we provide customized, high-quality homework solutions. We have a prepaid system that ensures professional homework helpers are paid fairly for their work and time. We believe that the value of their expertise and the effort they put into crafting each assignment justifies the cost of our service.

Is My Homework Help Legit?

My Homework help is absolutely legit! We are the leading providers of college homework services since 2012. We connect you with experienced tutors for your assignment and make sure you get completed answers before deadline. Our guarantee is high-quality assignment solutions or your money-back. It’s that risk-free! Furthermore, everything about you is kept confidential.


Can I trust you for homework help?

My Homework Help is absolutely reliable. Students of the world's top universities use our services and 50% of our customers are repeat customers. Our ordering process is very simple & transparent. There are no hidden fees or subscription anything like that. You can also request a refund if you think that our expert wasn’t able to meet your requirements. Your prime satisfaction is our end goal!

Know more - How it works


What about privacy & confidentiality?

Using My Homework Help is absolutely safe. We care about your security, therefore we encrypt all personal data to make every user feel safe while using our services and we don’t share any personal information with any third parties without your permission. Your credit card information is not stored anywhere at My Homework Help, and use of PayPal relies on their secure payment networks. Your identity, payment and homework are in safe hands. You can always be certain of getting professional help and remaining anonymous, while using My Homework Help.