Bidbid Company's production budget for month of February is 26,600 units, and the Company's ending finished goods inventory policy is 20% of the following month's sales. The company plans to sell 32,000 units in March. How ?many units will be sold in February 26,000 .a O 40,000 .b O 25,250 .c O 12,750 d O .None of the given answers .e O
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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