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Discussion Topic
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students or your faculty member.
Due Thursday
Budgeting is a tool used by management for performing the functions of planning, coordinating, and controlling operations of a business. Our textbook, Managing Accounting Concepts, describes 2 main types of budgeting: static budgets and flexible budgets.
Respond to the following in a minimum of 175 words:
- Differentiate between the 2 types of budgets.
- Provide an example of the type of business or company that would benefit from using a flexible budget.
- Provide support for your business selection and include the advantage for using a flexible budget over a static budget.
Due Monday
Reply to at least 2 of your classmates or your faculty member. Be constructive and professional in your responses.
Flexible budget is the kind of budget wherein it allows flexibility by adjusting the level of production. It allows managers to forecast the result of operation in different