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How are budgets used in planning

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Reference no: EM13530980

1. Define budget. How are budgets used in planning?

2. Define control. How are budgets used to control?

3. Discuss some of the reasons for budgeting.

4. What is the master budget? An operating budget? A financial budget?

5. Explain the role of a sales forecast in budgeting. What is the difference between a sales forecast and a sales budget?

Reference no: EM13530980

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