Question

The key information necessary for developing an organization's operating budget is found in the:

Answer 1

The key information necessary for developing an organization's operating budget is found in the receipts and expenditures (outlays) of the organization.

Step-by-step explanation:

The key information necessary for developing an organization's operating budget is found in the receipts and expenditures (outlays) of the organization.

Receipts refer to the amounts anticipated in taxes and other revenue sources, while expenditures are what the organization expects to spend. By analyzing these two components, an organization can determine its income and expenses, which are crucial for creating an operating budget.

For example, if an organization expects to receive $100,000 in revenue and plans to spend $80,000 on expenses, the operating budget would show a surplus of $20,000.