Dwayne, a manager at Bruce Enterprises, prepares a financial plan for the allocation of funds to efficiently achieve company goals. The plan also includes the estimation of expenditures for the next year. This plan is an example of a(n) .

The correct answer is budget.

Explanation:

The word budget refers to a plan of operations and resources in a company, which is formulated to achieve the proposed objectives within a certain period and is expressed in monetary terms.

Budget

Explanation:

Budget is a financial estimate, that outlines a company's goal which is usually reviewed before the financial period ends . Businesses, Government, people make budget which assist them in their financial plan.

Budgets are useful because businesses are able to outline their financial plan for the coming year. It also gives room for review by comparing actual against budgeted funds.

The purpose of budgets are ; control, to coordinate, to communicate and to evaluate.

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

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