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Duration: 45 minutes (10.00 am - 9.45 am) Question 2 Sg Pusu Nursery (SPN) has been in the plant nursery business for more than 10
Duration: 45 minutes (10.00 am - 9.45 am) Question 2 Sg Pusu Nursery (SPN) has been in the plant nursery business for more than 10 years. The business is affected by the lockdown during the pandemic and is picking up very slowly. Fortunately, when the lockdown is eased in September 2021, a national horticulture association has agreed to purchase seeding bags from the nursery for the last three months of 2021. At the same time, the nursery also plans to sell the seeding bags via online platforms, such as Lazada and Shopee. Mr Muiz, the owner of SPN, feels that he must carefully plan its expenses as the business now has very limited financial resources. As part of the community engagement, you have willingly drafted the financial planning for the seeding bag sales of SPN as follows: ii. Describe briefly how budgets help to sustain business operations. (4 marks) (Total: 25 marks)
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