25. What a Financial budget is:

26. What a Operating Budget is:

Be able to know how to calculate sales based on those sales.

27. Calculate direct labor cost:

28. Question on cash: how to calculate the available cash?

29. example of cash: accounts receivable sales how much cash will receive?

30. Buy & how much cash in bank & you have to calculate how much cash you need to borrow?

31. What to do with a budget once you have a variance:

32. what a Flexible budget is?

33. what Materiality means?