Besse SARL had the following budgeted sales for the given months: Cash Sales Credit Sales July $52,000 $204,000 August $53,000 $222,000 September $31,000 $295,000 October $52,000 $196,000 November $58,000 $273,000 The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has bee assembled The Accounts Receivable balance on July 1 was $96,000. Of this amount, $72,000 represented uncollected June sises and $24,000 represented uncollected May sales Collections on Credit sales: 50% in month of sale • 25% in month following sale 25% in second month following sale Part 1: Given these data, the total cash collected during July would be Part 2: Recenable on November 17

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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.