The Kalgan Driftwood Company has decided that it needs to use the budgeting process much more substantially to manage its activities. You are a graduate trainee who has just started work in the accounting department of Kalgan. In your degree studies, you completed a module called Managerial Finance and learned that budgets serve several useful purposes including (i) Planning annual operations; (ii) Coordinating the activities of the various parts of the organization; (iii) Communicating plans to the various responsibility centre managers; (iv) Motivating managers to strive to achieve the organisational goals; (v) Controlling activities; (vi) Evaluating the performance of managers You are asked to select four of these purposes and explain in a presentation to your Kalgan work colleagues about how budgets achieve these aims.