Capstone Financial Services Is Considering the Purchase and Installation of an Expensive

question 28

Multiple Choice

Capstone Financial Services is considering the purchase and installation of an expensive computer network.This is the type of expenditure that would be included in a(n) :

• A)capital budget.
• B)asset budget.
• C)cash budget.
• D)operating budget.

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Definitions:

Single Line

A straight line that has no bends or curves.

Numeric Amount

A figure or value expressed in numbers, representing quantity or magnitude.

Electronic Check

A digital version or representation of a paper check, used to make electronic payments directly from a checking account.

Checking Account

A bank account that allows the account holder to withdraw funds, write checks, and make electronic transactions.