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Coca-Cola Company prepares a master budget for its beverage operations. In December 2039, the company estimates the following: Projected Revenue: $2,000,000,000 Direct Costs: $1,200,000,000 Overhead
Coca-Cola Company prepares a master budget for its beverage operations. In December 2039, the company estimates the following:
- Projected Revenue: $2,000,000,000
- Direct Costs: $1,200,000,000
- Overhead Costs: $500,000,000
Requirements:
- Prepare a master budget including budgeted income statement, balance sheet, and cash flow statement.
- Perform a sensitivity analysis for changes in projected revenue.
- Prepare a forecast for the next fiscal year.
- Recommend budgetary control measures.
- Discuss the importance of budgeting in achieving financial goals.
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