Starting with a Drop of Water in the Ocean,describe a Full

question 20

Essay

Starting with a drop of water in the ocean,describe a full cycle of movement of the water drop through the hydrologic cycle (the water must end up back in the ocean).Through what reservoirs does that water move? What physical forms does the water take (e.g.,liquid,solid,gas)?

Understand the interdependencies between different types of budgets within the master budget.

Identify the role of budgets in performance evaluation.

Grasp the significance of past performance as a basis for evaluating current performance.

Comprehend the components that constitute the financial budgets of a business.