1. Sometimes, the amount reported as revenues/expenses for the same programs on the statement activities are not compatible with those on the statement of revenues, expenditures, and changes in fund balances. Can you provide at least one reasonable explanation for the difference? (Approx. 200 words)
2. Whether you agree or disagree that the salary is justifiable, please share one reason why your selected CEO earns that much money? In other words, why is the corporation paying them the money? Why don't they pay them less?
3. Why is forecasting important in organizations, especially as related to understanding the relevant time horizon to develop a forecast against? What are some examples from industry?