Al-Morooj Co. has the following sales forecasts for its hip waders next year: First Quarter 8500 units Second Quarter 7% increase over first quarter Third Quarter 5% decrease from first quarter Fourth Quarter 5% decrease over first quarter Required: Calculate the Al-Morooj's estimated sales in units for next year.
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.
Al-Morooj Co. has the following sales
First Quarter 8500 units
Second Quarter 7% increase over first quarter
Third Quarter 5% decrease from first quarter
Fourth Quarter 5% decrease over first quarter
Required:
Calculate the Al-Morooj's estimated sales in units for next year.
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