FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Explain how a flexible budget can be of value to businesses.
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- Why should the opportunity costs of a farmer's labor, capital, and management be included on an enterprise budget?arrow_forwardWhy do companies and businesses create budgets, what is the importance and how do budgets help businesses be more successful? Provide examples.arrow_forwardWhat is the advantage of using a flexible budget?arrow_forward
- How could cost-volume-profit analysis be used in budgeting? In making a decision about advertising?arrow_forwardExplain the relationship between a simple budget and a flexible budget.arrow_forward1. Describe the difference between a static and a flexible budget 2. Outline how often businesses must report GST 3. Describe a method that can be used to evaluate a budget or financial plan.arrow_forward
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