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Questions Please answer all of the above questions. 1. Describe why companies may choose to...

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Accounting

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Please answer all of the above questions.

1. Describe why companies may choose to develop budgets.

2. Explain the use of electronic spreadsheets in developing budgets and give two of their key features.

3. Explain the purpose of preparing a profit and loss statement and give two of its key features.

4. Describe three financial indicators which provide key information regarding the performance of the business.

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