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Estimates and projections are used extensively when completing the budgeting process and performing CVP analyses....

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Accounting

Estimates and projections are used extensively when completing the budgeting process and performing CVP analyses. While these are the primary areas in which accounting-related uncertainty must be examined, there are other instances where what-if analysis tools like Goal Seek and Solver can be beneficial. Write a paragraph of at least five sentences in which you identify two circumstances for which the use of Goal Seek and/or Solver would be appropriate in an accounting-related worksheet. Write a second paragraph of at least five sentences to discuss how the use of these what-if analysis tools would provide more robust accounting data

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