Budgets are the backbone of all business forms. These are the financial structures that managers align their spending and revenue expectations against during their operational year. As a future business manager or owner of a retail store, it is imperative to understand the components and tools contained within these financial statements.

For this module's project piece:
•In a 1-2 page Word document, use your business form to create a rough budget based on what you believe the costs and expected revenues should be for a retail store.
◦Be sure to include how you would manage and measure the results against this budget upon realizing the budget should be flexible.

Answer rating: 100% (QA)

A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and reevaluated on a periodic basis Budgets can be made for a person a group of people ... View the full answer