Answer each question with 100 words or more
- What types of organizations might use flexible budgets?
- Why are flexible budgets useful?
- What are variances and why do these occur?
- What factors would you consider when deciding whether to investigate a variance?
Give a brief detail of project cash flows, the stand alone principle, incremental cash flows and sunk cost and opportunity costs. Provide and example
- Why is effective budgeting critical to a company’s success?
300 words with APA reference
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