In the Context of Financial Budgets, the Capital Expenditure Budget

Multiple Choice

In the context of financial budgets, the capital expenditure budget:

A) provides quarterly estimates of the number of units of each product a firm expects to sell.
B) identifies a firm's planned investments in major fixed assets and long-term projects.
C) identifies short-term fluctuations in cash flows that display cash deficits and surpluses.
D) contains the budgets for direct labor, direct materials, and overhead costs.