5 Budgetary Control and Responsibility Accounting The data for Cheyenne Corporation is given below. (Current Assets Long-term Assets Total Assets Sales Operating Expenses $ $ 1/1/2022 400,000 $ 3,000,000 $ 3,400,000 $ Year Ended 12/31/22 $ 1,000,000 $ 560,000 - 1360000 Instructions Compute the return on investment for the company for 2022. 12/31/2022 800,00000,000 3,800,000 4,600,000 MergM X Turnover
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.
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