(Answered) Discussionpreparing the operating budget please respond to

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"Preparing the Operating Budget" Please respond to the following:

• From the e-Activities, discuss two differences between Michigan's budget and your state budget in terms of budget process, financial reporting, and costs analysis (fixed costs, step-fixed costs, and variable costs). Justify your response with examples.

• Discuss the pros and cons of forecasting over a five to ten (5-10) year period. Justify your response with examples.

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