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Algae Called Zooxanthellae Live in the Tissues of Corals

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Algae called zooxanthellae live in the tissues of corals. Their photosynthesis provides organic compounds that the corals use as food and the corals provide the algae with a safe place to live and with nutrients to use in photosynthesis. This relationship is best described as


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Capital Expenditure Budget

A budgeting plan for major investments in physical assets, such as buildings and equipment, that a company plans to acquire.

Budgeted Income Statement

A financial statement that projects a company’s expected revenues, expenses, and net income for a specific period, based on forecasts and strategic plans.

Budget Committee

A group responsible for reviewing, approving, and overseeing a company's budget and financial planning processes.

Preparation of the Budget

Preparation of the budget involves planning and drafting a detailed financial plan that estimates the income and expenditures for a specific period in the future.

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