Best Windows is a small company that installs windows. Its cost structure is as follows: Selling price from each window installation $ 700 Variable cost of each window installation $ 600 Annual fixed costs $ 160,000 30% Tax rate Calculate the number of windows Best Windows must install and the revenues needed to earn a target net income of $63,000. Begin by determining the target operating income needed to earn a net income of $63,000. First, select the formula labels, then enter the amounts and calculate the target operating income. (Enter any percentages as a decimal to two plac Target operating income Next, calculate the number of windows Best Windows must install to earn a target net income of $63,000. Begin by selecting the formula labels, then enter the amounts and calculate the number of units required to be sold. + + Finally, calculate the revenues needed to earn a target net income of $63,000. Select the formula labels, then enter the amounts and calculate the revenues needed. = || = 11 = Revenue required to achieve target Number of units required to be sold

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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.