pls check the attached file for the rest work

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Question 8.1 from page 278, Chapter 8:

– Why are planning and budgeting so important to an organization’s success?

 Question 8.2 from page 278, Chapter 8:

Briefly describe the planning process. Be sure to include summaries of the strategic, operating, and financial plans.

 Question 8.3 from page 278, Chapter 8:

-Describe the components of a financial plan.

 Problem 8.1 from page 279, Chapter 8; SEE HELPFUL HINTS BELOW:

  – Consider the following 2011 data for Newark General Hospital (in millions of dollars):

 

 

Static Budget

Flexible Budget

Actual Results

Revenues

$4.7

$4.8

$4.5

Costs

4.1

4.1

4.2

Profits

0.6

0.7

0.3

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