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What is a cash flow budget and what is it used for? What is a profit and loss budget and what is it used for?

What is a cash flow budget and what is it used for?

What is a profit and loss budget and what is it used for?

What is a budget cycle?

What must you do when budget priorities are changed? Explain why.

Your budget allows only a limited amount of funding for wages. Who needs to know about these types of resource decisions? Explain why.

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