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Discuss budgets and the reasons why organizations budget. Prepare a sales budget with a schedule...

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Accounting

  1. Discuss budgets and the reasons why organizations budget.
  2. Prepare a sales budget with a schedule of cash collections.
  3. Prepare a flexible budget.
  4. Prepare a report showing revenue and spending expenses with favorable (F) and unfavorable (U) outcomes.
  5. Compute return on investment and show how changes in sales, expenses, and assets affect ROI.

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