What are the reasons to use a flexible budget? What is the major distinction between a static budget and a flexible budget? Illustrate the difference using a real-world example

Can lowering the estimate of doubtful account month after month have negative impact on company? Do you think yearly outside financial audits are needed to keep company in check?

Using Apple,Inc as your publicly traded, US Corporation, locate the financial statements for this Fiscal year or 2015.Determine the new income for the yearDetermine the total value of assestsDetermine the total cash flow from the operationPerform one profitability ratio (Return on Assets) to measure the income and operating success of Apple,IncPerform one liquidity ratio (Current Ratio) to measure the ability of the company to pay short-term debt and meet unexpected needs.Perform one solvency ratio (Debt to Asset Ratio) to measure the ability of the company to survive in the long-term.THE ABOVE "MUST," ABSOLUTELY MUST BE DONE ON A SPREADSHEET (EXCEL). NO ESSAY IS NEEDED, JUST PUT ALL THE INFO IN A SPREADSHEET...DO NOT FORGET TO INCLUDE THE 3 RATIOS. THEY MSUT BE INCLUDED IN THE SPREADSHEET!!!!!