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Question: What is a flexible budget, how does it vary from a fixed budget?
The flexible budget is the budget which which changes with the level of output or the level of volume whereas the fixed budget is the budget which remains constant no matter what the level of output is.
Jane and Suzan are interested in organizing a new interior decorating business as 80-20 owners. Jane will contribute $80,000 in exchange for an 80% ownership interest and Suza
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