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This video describes the master budget, a series of interrelated budgets that set the course for an organization's sales, production, and financial goals. Beginning with the sales budget, each budget is briefly explained and the interrelationships among the various budgets are highlighted as well. The process ultimately yields a cash budget, budgeted income statement, and budgeted balance sheet.
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Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
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