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Ramesh is stuck on a math problem.Instead of asking his teacher about ways to solve the problem,he tries out various methods to arrive at the answer.He employs all algebraic formulas he has learned to solve the problem.After working for few hours,he manages to solve the problem.Which of the following strategies did Ramesh use in solving his math problem?
Sales Budget
A financial plan that estimates the expected sales revenue for a period, including units sold and revenue expected.
Cash Budget
A cash budget is a financial plan or forecast that outlines expected cash inflows and outflows over a specific period, helping businesses manage their cash flow.
Purchases Budget
A financial plan that estimates the amount of goods or inventory a business needs to buy over a certain period to meet its sales goals.
Production Budget
An estimation of the total output a company needs to meet its sales goals and inventory policies, expressed in units or monetary terms.
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