Question: 1. Identify two actions that should be performed before establishing a budget. 2. What are budget estimates? Offer some suggestions on how to go about

1. Identify two actions that should be performed before establishing a budget.
2. What are budget estimates? Offer some suggestions on how to go about making budget estimates for various types of expenses.
3. Distinguish between a cash-flow calendar and a revolving saving fund, and tell why each is important.
4. Offer three suggestions for effective budget controls.

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