The finance tean of an automobile company is drafting budget for succeeding year. Arrange the steps in preparing a budget. team computes annual expenses such as
electricity bills, wages and taxes.
all departments submit yearly estimated
expenses.
team prioritizes purchase of new
machinery for improved production.
team dedicates some funds for
emergency
submits report of estimated income and
expense data.
ntoe und oodod for veary bonus

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year