Al Anwar ceramics, Oman estimated the sales as follows June – 2,000 units July – 3,000 units August – 4,000 units The company mentioned that finished units equal to the half the sales of the next month will be in stock at the end of each month. Estimate the production for July 2021. a. 2,500 units b. None of these c. 3500 units d. 6,500 units
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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