Citations are required for this exercise. Comments to other students must be detailed and substantive.

Alpaca Industries, located in the beauty pacific Northwest, manufactures a household electronic device. The company is fairly small with revenues and total assets of approximately $370,000 and $300,000, respectively. The company has never maintained a budget since its inception, and as a new hire, you are eager to create a budget for the company. Write a 1-page memo, explaining to the owner the advantages of budgeting. In your memo, provide exact page number citations.

Please note that any responses without citations will not be graded. Only the original responses are graded; subsequent edits are not graded.