Consider the sources and uses statements for the two sectors, answering the next two questions: Sector X Sector Y U U Net Worth 85 72 Real Assets 101 63 Financial Assets 43 27

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.