1. Please explain fixed and flexible budgeting. Provide an examp.docx
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The document discusses fixed and flexible budgeting, requesting an example with a safety margin over three periods. It also seeks an explanation of a proforma statement of cash flows and its importance in budgeting, alongside a hypothetical example from a manufacturing context.
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1. Please explain fixed and flexible budgeting. Provide an examp.docx
- 1. 1. Please explain fixed and flexible budgeting. Provide an example of budgeting for three consecutive periods in which safety margin is included for flexibility 2. Explain statement of cash flows proforma and its significance in budgeting. Provide a hypothetical example of a statement of cash flows in a manufacturing enterprise.