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Explain fixed and flexible budgeting

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Reference no: EM132809285

Question 1.

Explain fixed and flexible budgeting. Provide an example of budgeting for three consecutive periods in which safety margin is included for flexibility

Question 2.

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.

Reference no: EM132809285

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