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What is a budget and why is budgeting important

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Reference no: EM132952673

Problem 1. What is a budget? Why is budgeting important?

Problem 2. What is a variance? How can variances be used in evaluating the perfomance of an organisation? Use examples to explain your answer.

Problem 3. What is a sales budget? Explain two factors that need to be considered when forecasting sales.

Reference no: EM132952673

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