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Meaning of Flexible Budget

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I have the following task, and I need some help getting started: summarizing and analyzing a recent article (less than one year old) on flexible budgets.

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Solution Summary

This solution analyzes a recent article on flexible budgets (citation included), including definitions of both flexible and static budgets, advantages and disadvantages of using a flexible budget, and situations when a flexible budget should be used, as well as providing an overall critique of the article examined.

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In accordance with BrainMass standards, this is not a hand-in ready paper but only background help.

Step 1:

The article has the heading "What is flexible budget?" The article was posted on April 27th, 2014. According to the article, a flexible budget incorporates different expense levels into the budget, depending on the changes in the amount of actual revenue generated. In contrast, a static budget has fixed expense amounts that do not vary with actual revenue levels. The flexible budget uses percentages of revenue for expenses that have fixed numbers.

Step 2:

The article ...

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