Question: Simple answer to example to kids; 8.5 Why is the sales forecast the starting point in budgeting? 86 As a practical matter, planning and control

Simple answer to example to kids;

8.5 Why is the sales forecast the starting point in budgeting?

86

As a practical matter, planning and control mean exactly the same thing. Do you agree? Explain.

87

Why is it a good idea to create a Budgeting Assumptions tab when creating a master budget in Microsoft Excel?

88

What is a self-imposed budget? What are the major advantages of self-imposed budgets? What caution must be exercised in their use?

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