A Problem BECKER AccountingMaster Question Set Time Elapsed 29 32 MINUTES SECONDS Unsplit Splr Horiz Spit Vertical Submt Tesdet Written Communication (AICPA Adapted) Help You have been hired as a controller of Hughes Co.j a the previous year's actual revenues and expenses. The compary has never had a superstores. You plan to prepare the current-year budget based on the previous year'm actualeenue and expensens Tvesi haed a formal budget Write a memo to the CEO justifying the need to establish a formal budget. Discuss the advantages and disadvantages of the budget process Type your communication in the response area below the horizontal line using the word processor provided. REMINDER: Your response will be graded for both technical content and writing skills. Technical content will be evaluated for information that is helpful to the intended reader and clearly relevant to the issue. Writing skills will be evaluated for development, organization, and the appropriate expression of ideas in professional correspondence. Use a standard business memo or letter format with a clear beginning middle, and end. Do not convey information in the form of a table, bullet point list, or other abbreviated presentation. Memorandum To CFO