The difference between a capital expenditure budget and an operating budget

1. What is the difference between a capital expenditure budget and an operating budget?
2. The first column of Table 4.1, on page 64, lists the Guest Room Furniture. These items have a useful life of seven years. Using this list as a guide, please describe to me in DETAIL, how you will furnish the “typical” guest room at the new hotel in Elko.

First, tell me the dimensions of the room (so you know how much furniture will fit). Then, the size and type of beds, (one king-size bed, or two queens). What type of mattress will you use? Will you use a metal frame or a platform? What other furniture will you use? How many TV’s, etc. Have fun and be creative.