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Discussion Topic: Budgeting Read Concepts in Action, 24 Hour Fitness and Internet-Based Budgeting in Chapter 6. How does the strategic plan influence preparation of the

Discussion Topic: Budgeting

Read Concepts in Action, 24 Hour Fitness and Internet-Based Budgeting in Chapter 6.

  • How does the strategic plan influence preparation of the master budget?
  • How does budgeting provide important information to managers and operating personnel?
  • Explain how 24 Hour Fitness uses its budgeting system to complete annual budgets and to make major decisions to improve future profitability. What are some examples of what-if scenarios that management might consider?

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