Note that all of the above component budgets may not be included in the master budget of every business. Some of these such as production budget and cost of goods manufactured budget are not need by a non-manufacturing business. We begin the budget process by discussing the planned operating budget or projected income statement. Financial   Read More …

Audi needed to replace the iconic Audi Quattro and compete with BMW’s M3. In order to achieve this, Audi enlisted the help of Porsche, who was more than willing to take on the task. All this is to say that if you do buy a Porsche, you should plan to keep it for a very long time   Read More …