Unit 5: Writing Assignment
Answer the following questions and submit as a Word file or a spreadsheet.
- Why is budgeting important?
- What are the sequential steps of budgeting?
Who reviews budgets? How often?
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- When should a financial manager use incremental budgeting? Zero-base budgeting?
- Complete the Payback Period self-quiz problem found at the end of Chapter 15 (p. 353 in textbook). Show all work.
- Complete the Present Value self-quiz problem found at the end of Chapter 15 (p. 15 in textbook). Show all work.
- Complete the Net Present Value/Internal Rate of Return (NPV/IRR) self-quiz problem in Chapter 13 on p. 359 in textbook). Show all work.
- Requirements: Minimum of 750 words; APA format.