3.Covers book store showed the following operating budget for next year: Sales were $1942217, the Fixed cost was $450000, Total Variable Cost was$1210000, Total Cost was $1750000. What will it take to break even? (include two decimal places )
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
3.Covers book store showed the following operating budget for next year: Sales were $1942217, the Fixed cost was $450000, Total Variable Cost was$1210000, Total Cost was $1750000. What will it take to break even? (include two decimal places )
4.Covers book store showed the following operating budget for next year: Sales were $1942217, the Fixed cost was $450000, Total Variable Cost was$1210000, Total Cost was $1750000. If the store wants to reduce the copies and make the book on-demand which decreases the variable cost by 10% and decreases the fixed cost by 120000 but increases revenue by 15% What will it take to break even? (include two decimal places) *
Step by step
Solved in 3 steps
