Thecapital expendituresbudget summarizes the plans for acquiringfixed assets.Capital expenditures refer to thefundsa company allocates for theacquisition, maintenance, and improvement of long-term assets such asproperty,plant, andequipment. The capital expenditures budget outlines the planned expenditures on these assets over a specified period, typically a year.This budget is an essential part of the company's overall budgeting process, as it helps to ensure that sufficient funds are available for acquiring and maintaining the assets necessary for thebusiness operations. The capital expenditures budget can also help to identify potential sources of financing for these expenditures and to prioritize capital projects based on their expected return on investment.To know more aboutcapital expenditure, visit:brainly.com/question/28145515#SPJ11...

Unlock to view answer

Unlock full access for 72 hours, watch your grades skyrocket.

For just $0.99 cents, get access to the powerful quizwhiz chrome extension that automatically solves your homework using AI. Subscription renews at $5.99/week.