Question
Budgets are the backbone of all business forms. These are the financial structures that managers align their spending and revenue expectations against during their operational
Budgets are the backbone of all business forms. These are the financial structures that managers align their spending and revenue expectations against during their operational year. As a future business manager or owner of a retail store, it is imperative to understand the components and tools contained within these financial statements.
For this module's project piece:
•In a 1-2 page Word document, use your business form to create a rough budget based on what you believe the costs and expected revenues should be for a retail store.
◦Be sure to include how you would manage and measure the results against this budget upon realizing the budget should be flexible.
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A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and reevaluated on a periodic basis Budgets can be made for a person a group of people ...Get Instant Access to Expert-Tailored Solutions
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