: Using the accompanying Excel template, prepare an annual operating budget for FY 2019 on the accrual basis of accounting. b Using the same template, prepare a quarterly cash budget for FY 2019. (Hint: There are 3 months or 13 weeks in a quarter. Do not try to convert weeks to months or vice versa!) c Write a few sentences explaining which factor(s) are driving the difference between the organization's expected profit loss on the operating budget and ending cash balance on the cash budget. d Do you recommend revising your plan in light of the organization's expected profit loss and or ending cash balance? Why or why not? 2 Do the reading assignment for the next class [Chapter 3 up to p. 87 (up to Performance Budgeting), Chapter 4 up to p. 145 (up to Cost Measurement), Appendix 4-A] and then answer the following reading comprehension question. Suppose you want to know whether Jobs U. would remain profitable if it served only 90 trainees per month instead of 100. Which two budgeting tools could you use to answer this question? Describe each tool briefly. (You do not need to do any calculations.)