Budgeting is an important internal activity. Preparing budgets involve forecasti

Budgeting is an important internal activity. Preparing budgets involve forecasting sales and estimating costs. For this assignment you will prepare a flexible budget for next year for the company of Wal-Mart. The budget needs to be realistic and based on corporate and economic trends.Companies prepare budgets based on absorption and/or variable costing. Due to lack of information were limiting our budgeting to the absorption approach. Dont forget that the presentation of the information is important.Set up the flexible budget showing three different growth rates. Use the financial statements and do research on the company of your choice to determine growth trends. Explain your estimates and prepare a flexible budget showing the low the average and the high revenues and adjust all other line items in the income statement to reflect the revised revenue assumptions.