A five-star hotel buys bouquets of flowers to decorate its common areas and guestrooms. Its flexible budget for flowers is $325 per day of operations plus $7.20 perroom-day. (A room day is a room rented for one day; a room is decorated with f lowersonly if it is occupied.) If this month the hotel operated for 30 days and it had 7,680room-days, what would be the flexible budget amount for flowers for the month?a. $55,296b. $65,046c. $9,750d. $332.20
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.
A five-star hotel buys bouquets of flowers to decorate its common areas and guest
rooms. Its flexible budget for flowers is $325 per day of operations plus $7.20 per
room-day. (A room day is a room rented for one day; a room is decorated with f lowers
only if it is occupied.) If this month the hotel operated for 30 days and it had 7,680
room-days, what would be the flexible budget amount for flowers for the month?
a. $55,296
b. $65,046
c. $9,750
d. $332.20
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