HRM$732$ Introduction to Financial & Management AccountingCase #$3$ Due July $18,2023($Worth $10\%)$Brandon Hair, managing partner of the venture capital firm of Hair and Brush, was dissatisfiedwith the top management of Make$-$It$-$Work, a manufacturer of car tyres. Hair and Brush hadinvested $$25$ million in Make$-$It$-$Work, and the return on their investment had been belowexpectations for several years. In the last meeting of the board of directors of Make$-$It$-$Work,Brandon exercised his firm$$s right as the major equity investor in Make$-$It$-$Work and fired theCEO. He then had the board of directors appoint as the new CEO.Brandon adopted an aggressive management style, and at the first management meeting as CEOhe fired three of the managers on the spot to send a message that he was in control. He revokedthe current budget and ordered management to submit new budgets ensuring that it included a$50\%$ increase in sales volume. In addition, he emphasized that no excuses would be entertainedif the new budget targets were not met.Tricia Kennedy, an accountant working for the production manager at Make$-$It$-$Work, discoveredtowards the end of the following year that her boss was not discarding defective tyres returned bycustomers, but was instead shipping them to new customers to avoid booking the losses. As aresult of the push to increase volume, quality control had dropped and returns of tyres bycustomers were as high as $25\%$ of the new shipped. When Tricia asked her boss about the issueof sending defective tyres to new customers, she was told to mind her own business, and this wasnecessary to meet the new targets set by Brandon.Required:Discuss the case using the format below. In your submission, be sure to answer the following.a$)$ Is Brandon using budgets as a planning and control tool?b$)$ What are the behavioural consequences of the way budgets are being used at Make$-$It$-$Work?c$)$ What, if anything, should Tricia do$?$ Case Format$$ Title Section $(1$ marks$)$o Name of report, team members, and date$$ Executive Summary $(2$ marks$)$o Explain what you will examine in the case.$$ Findings $(3$ marks$)$o Provide background information and the most relevant facts. Isolate the issues.$$ Case Evaluation $(10$ marks$)$o Isolate the sections of the study you want to focus on$.$ In it$,$ explain whysomething is working or is not working.$$ Proposed Solutions $(5$ marks$)$o Offer realistic ways to solve what isn$$t working or how to improve its currentcondition.$$ Recommendations $(3$ marks$)$o Talk about the strategy that you should choose. Explain why this choice is themost appropriate.$$ Implementation $(5$ marks$)$o Explain how to put the strategy into action. Be sure to set clear goals, determineroles and responsibilities, how the plan is to be monitored and what success lookslike.$$ References $(1$ marks$)$o Provide all the citations