why is a firm rsquo s production budget influenced by the finished goods inventory p 643052

How does budgeting provide important information to managers and operating personnel?
How does the strategic plan influence preparation of the master budget?
Distinguish between a strategic plan and a tactical plan. How are these plans related?
After a master budget has been prepared, what is its role in managerial control?
Differentiate between the operating and financial budgets that are contained in a master budget. Why are both types needed?
Why is a firm’s production budget influenced by the finished goods inventory policy?
Assume that in preparing the cash budget, the accountant discovers that a cash short age will likely occur in a specific month. What actions might the accountant recommend to management to deal with the cash shortage?