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1) Contrast and compare strategic and tactical planning. 2) Discuss the structure of the master budget; indicate how all of the components fit together into
1) Contrast and compare strategic and tactical planning. 2) Discuss the structure of the master budget; indicate how all of the components "fit together" into a cohesive system. 3) Discuss the structure and usage of the cash budget. How does the cash budget (i.e. cash flow forecast) differ from the Statement of Cash Flows? 4) Briefly discuss the A/R collection pattern, how does it get developed, how is it used
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