Explain why budgeted cash flow differs

Reference no: EM132918184

Question

Criticize the following quotation "At our company, budgeted revenue is set so high and budgeted expenses so low that no department can ever meet the budget. This way, department managers can never relax; they are motivated to keep working harder no matter how well they are already doing". In addition, explain why budgeted cash flow differs from budgeted net income.

Reference no: EM132918184

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