All of Pocast Corporation's sales are on account. Sixty percent of the credit sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company: Total sales Multiple Choice Cash receipts in April are expected to be: O $530,000 $360,000 $460,000 January $700,000 $410,000 February $500,000 March $400,000 April $600,000
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.
![All of Pocast Corporation's sales are on account. Sixty percent of the credit sales
are collected in the month of sale, 30% in the month following sale, and 10% in the
second month following sale. The following are budgeted sales data for the
company:
Total sales
Cash receipts in April are expected to be:
Multiple Choice
O
O
O
$530,000
$360,000
$460,000
January
February
$700,000 $500,000
$410,000
March
$400,000
April
$600,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F34496cef-5563-40c5-9778-ec4dbcf8a96a%2F9aea9174-2286-46fe-b803-f4aff466d132%2Flw019uw_processed.jpeg&w=3840&q=75)
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