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Kabelo and Hendrik are joint owners of Fitness Gym. They are currently investiga...
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Kabelo and Hendrik are joint owners of Fitness Gym. They are currently investigating the option of investing in cryotherapy, a cold therapy that may reduce inflammation in tendons or joints. Kabelo and Hendrik must draw up a new budget to accommodate their investment in cryotherapy. The projected sales for use of the new equipment serves as the point of departure for the budgeting process. In addition, they will use the previous year’s actual income and expenditures as a basis. This is known as __________ budgeting.
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