(b) Spana Company has the following data: [Syarikat Spana mempunyai data berikut:] Table 4: Total Monthly Purchasing Budget [Jadual 4: Jumlah Belanjawan Pembelian Bulanan] Budgeted Purchases Month January February 220,000 185,000 March April May 240,000 155,000 180,000 Purchases are paid as follows: [Pembelian dibayar seperti berikut:] • 10% in the month of purchase [10% dalam bulan di beli] • 60% one month after purchase [60% sebulan selepas beli] • 30% two months after purchase [30% dua bulan selepas beli] Required: |Dikehendaki] (i) Develop a schedule of cash disbursements for purchases for March, April and May. [Bangunkan jadual pembayaran tunai untuk pembelian bagi Mac, April dan Mei.]
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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