When setting a flexible budget, it is important to know the expected profit that a firm requires. the relevant ranges of activity and cost. the expected return that the shareholders or owners require. the impact of inflation on the budget in the year to come

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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When setting a flexible budget, it is important to know
the expected profit that a firm requires.
the relevant ranges of activity and cost.
the expected return that the shareholders or owners require.
the impact of inflation on the budget in the year to come
Transcribed Image Text:When setting a flexible budget, it is important to know the expected profit that a firm requires. the relevant ranges of activity and cost. the expected return that the shareholders or owners require. the impact of inflation on the budget in the year to come
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