First use front-end rounding to write an estimate of the answer, and then multiply fully to obtain an exact answer.
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Definitions:
Budget
An itemized forecast of an entity’s income and expenses expected for a specific period, usually showing how much money it intends to earn, spend, and save.
Donations
Voluntary transfers of resources, such as money or goods, to individuals or organizations without the expectation of direct return or compensation.
Spending Variances
Differences between the budgeted or standard cost amounts and the actual costs incurred.
Favorable
A term used in financial analysis to describe a situation, condition, or variance that leads to a positive outcome or better-than-expected results.
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