Homework: The Benefits of Budgeting
Read the scenario below, and then answer the questions that follow in a 3 pages analysis. The questions will guide your analysis of the situation, but they need to be presented as part of a report to the owner of the company.
Scenario:
Watch the following video, and then answer the questions below (tutor2u, 2019):
YouTube Video: "Budgets and Budgeting (Introduction)"
I. What is the function of a budget?
II. What are budgets used for?
III. What are the three main types of budgets?
IV. Detail the steps in the budget process.
V. What are some limitations of the budgeting process?
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.