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You should write a 250- 300 word memo about the following situation.
Mr. Profit is the owner of a landscaping business. They use heavy equipment to do landscaping work such as cut grass, seeding, mulching, aeration, and trim trees.
Mr. Profit has just returned from a meeting with his banker, Mr. Money. He was denied a loan to purchase new, heavy equipment for the business.
He needs a bobcat, aerator, and seeding maching. In total, these cost over $100,000.
The banker has requested a budget to evaluate the business.
Write a memo to describe these items:
1. What is a master budget?
2. What are the difference between Operating budgets and financial budgets?
3. How should the future sales be estimated?
4. Which of the Operating budgets would be important for a landscaping business?
5. Should Mr. Profit prepare a Captial Expenditues Budget?
You are to write a 250- 300 word memo to explain
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