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Marsha Inc., like any other businesses, develops a budget as a detailed plan for the acquisition and use of financial and other resources over a
Marsha Inc., like any other businesses, develops a budget as a detailed plan for the acquisition and use of financial and other resources over a specified period of time in order to accomplish the organization's objectives.
Comment on the role of a firm's strategic goals in both the master budget and the capital budget. (Hint: you may discuss how each of these two budgets fits with the strategic goals in terms of short-term vs. long-term planning and provide at least two examples for each of the budgets.)
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