Please explain fixed and flexible budgeting.
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Please answer each of the following questions in detail. Provide in-text citations and include examples whenever applicable.
- Please explain fixed and flexible budgeting.
a. Provide an example of budgeting for three consecutive periods in which safety margin is included for flexibility
- Explain statement of cash flows proforma and its significance in budgeting.
a. Provide a hypothetical example of a statement of cash flows in a manufacturing enterprise.
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