ACC561 Phoenix Green Pastures Budgeting & Accounting Analysis Develop a minimum 700-word examination of the financial statements and include the following:

ACC561 Phoenix Green Pastures Budgeting & Accounting Analysis Develop a minimum 700-word examination of the financial statements and include the following:

Based on the static budget report:

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What was the primary cause(s) of the loss in net income?
Did management do a good, average, or poor job of controlling expenses?
Were management’s decisions to stay competitive sound?
Prepare a flexible budget report for the year.
Based on the flexible budget report:
What was the primary cause(s) of the loss in net income?
Did management do a good, average, or poor job of controlling expenses?
Were management’s decisions to stay competitive sound?
What course of action do you recommend for the management of Green Pastures?

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