Planning and Budget Strategies

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Use the prompts provided on the second tab of the sample budget document to make adjustments to the Income Statement.

You may create your own Word document to communicate the findings and analysis from the 6 prompts in the student file, which should answer the following questions:

1. Please articulate how each scenario changes the company’s profitability.

2. Which budget categories were impacted by the changes?

3. What would have happened if the changes were implemented at the beginning of the year?

4. How would this company be impacted if all 6 scenarios took place in the same year?

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