Wk6 DQ – Managerial Accounting 2023 Business Finance
2023 Question Please answer each of the following questions in detail Provide in text citations and include examples whenever applicable
Question:
Please answer each of the following questions in detail. Provide in-text citations and include examples whenever applicable.
- Please explain fixed and flexible budgeting. Provide an example of budgeting for three consecutive periods in which safety margin is included for flexibility
- Explain statement of cash flows proforma and its significance in budgeting. Provide a hypothetical example of a statement of cash flows in a manufacturing enterprise.
Note:
1. Define the words in the own words. Do not directly quote from the textbook.
2. Need to include hypothetical examples.
2. Need to write at least 2 paragraphs of the written part. (Exclude hypothetical example)
3. Need to include the information from the textbook as the reference.
4. Need to include at least 2 peer reviewed article as the reference.
5. Provide in-text citations and include examples whenever applicable.
5. Please find the related power point and textbook in the attachment
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