Explain why companies find it useful even though the data is hypothetical.

Explain why companies find it useful even though the data is hypothetical.

Paper:

A flexible budget is strictly hypothetical Monday-morning quarterbacking.* In a 1 – 2 page paper, explain why companies find it useful even though the data is hypothetical, and it’s done after the period ended. *For those of you unfamiliar with the idiom, it means spectators—not the athletes who actually participated—talking about how a game should have been played, even though the game is already over. So it means people claiming they know better how things ought to have been done.

Instructions:

The paper must be 1-2 pages using the APA Format. Please include a total of 4 references in your reference page.

Solution Preview

A flexible budget is strictly hypothetical Monday-morning quarterbacking. Explain why companies find it useful even though the data is theoretical, and it’s done after the period ended. A flexible budget is spending that alters for changes in the volume of movement. Variable costs in the flexible budget are characterized as rates of offers. For instance, if deals somehow managed to increase significantly,

(496 words)