Three basic budgets agribusiness managers use are the operating, cashflow and capital

expenditure budgets. Identify below which type goes with the statement.

The

budget is a form of income statement, organized

around the sales, variable costs and fixed costs associated with the firm's products.

The

budget is a prioritized list of major asset

expenditures that the firm plans to invest in to grow and make its operations more

productive.

The $[$opex$]$ budget shows the profitability of operations in the budget period, by

identifying revenues and expenses committed to$,$ regardless of when the money is

actually received or paid out.

The

budget estimates the timing of when money will be

received or paid out, so that managers can see if they will have enough funds on hand to

pay bills when due.

The marketing plan and its corresponding sales forecast drives the

budget.