Winnie and Pooh have just purchased a small honey manufacturing company that was having financial difficulties.After a brief operating period, they decided that the company's main problem was lack of any financial planning.The company made a good product and market potential was great.Required:
Explain why a company needs a good budgeting plan.Specifically address the need for a master budget.

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The Answer of Winnie and Pooh have just purchased a small honey manufacturing company that was having financial difficulties.After a brief operating period, they decided that the company's main problem was lack of any financial planning.The company made a good product and market potential was great.Required:
Explain why a company needs a good budgeting plan.Specifically address the need for a master budget.

Winnie and Pooh Have Just Purchased a Small Honey Manufacturing