Question:
 Please answer each of the following questions in detail. Provide in-text citations and include examples whenever applicable.

Please explain fixed and flexible budgeting. Provide an example of budgeting for three consecutive periods in which safety margin is included for flexibility
Explain statement of cash flows proforma and its significance in budgeting. Provide a hypothetical example of a statement of cash flows in a manufacturing enterprise.  

Note:
1. Define the words in the own words. Do not directly quote from the textbook.
2. Need to include hypothetical examples.
2. Need to write at least 2 paragraphs of the written part. (Exclude hypothetical example)
3. Need to include the information from the textbook as the reference.
4. Need to include at least 2 peer reviewed article as the reference.
5. Provide in-text citations and include examples whenever applicable. 
5. Please find the related power point and textbook in the attachment