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Essay text:
Also we have to identify the main problems of this budgeting process and give possible suggestions to overcome them.
Overview
Body Glove describes the forecasting, budgeting, and reporting processes of a small manufacturer operating in a competitive, fashion-conscious, seasonal-business. It will be necessary for you to understand the process and to suggest possible changes for both the short and long term.
For what purpose does Body Glove use its budgeting system? Which purposes are emphasized?
Body Glove used a bottom up budgeting process because their main goal was to be entirely debt free as soon as possible to increase operating flexibility, not because they needed it for obtaining lines of credit and loans...
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