Need answered within 3 hours.. will tip:)

The cash budget is one of the primary financial budgets. Discuss the importance of the cash budget. Identify the individual sections of the cash budget and the information included in each section.(Points : 20)

Question 2.2.(TCO 9) Distinguish between fixed budgets and flexible budgets. When are each an appropriate means of evaluating a managers performance and why?(Points : 20)

Question 3.

3.(TCO 6) Tom Bat became a baseball enthusiast at a very early age. All of his baseball experience has provided him valuable knowledge of the sport, and he is thinking about going into the batting cage business. He estimates that the construction of a state-of-the-art building and the purchase of necessary equipment will cost $630,000. Both the facility and the equipment will be depreciated over 12 years using the straight-line method and are expected to have zero salvage values. His required rate of return is 10%. Estimated annual net income and cash flows are $49,000 and $101,500, respectively. For this investment, calculate the following. Part (a): the net present value Part (b): the internal rate of return Part (c): the payback period(Points : 30)