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Below explain the meaning of capital budget and its importance:
Capital Budgeting:
- Is a decision making process of selecting and evaluating long term investments viz investing in fixed assets or capital expenditure(capex)
- This will require a substantial initial outlay and expect to produce benefits/results over a period of more than one year
Importance of Capital Budget:
- Proper decision on capital budget will increase a firm’s value as well as shareholders’ wealth
- Capital budgeting is critical to a firm as it helps the firm to stay competitive as it is expanding its business like proposing to purchase equipments to produce additional or new products, renting or owning premises for opening new branches, etc
I could not have closed on my first home without Mr, Pedro ! Pedro and his team went above and beyond for me on this transaction. He handled my very tight turn around time with ease and was always available for me when I had questions (and I had plenty), even when he was away from the office, which I greatly appreciated! He and his team handled many last-minute scrambles with the seller and worked tirelessly to make sure that I could close before my lease (and my down payment assistance, for that matter) expired. Mr Pedro is an incredibly knowledgeable Loan Officer, courteous, and patient. I went through a couple offers on properties before my final purchase and Pedro was there to help with each one, often coordinating with my agent behind the scenes. I felt supported throughout the entire process. Thanks to Pedro and the tireless efforts of his team, I am now a proud homeowner! I would encourage you to consider Pedro and his loan company for any kind of loan.
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Email- pedroloanss@gmail.com.