anu has forecast sales to be $129900 in February, $159900 in March, $163400 in April, and $177000kn May. The avel! sales are on made on credit, the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following hat are budgeted cash receipts in March on cash sales in March?
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.
Step by step
Solved in 2 steps with 2 images
