Budget for a merchandising company Nano,inc.is preparing its budget for the second quarter . The following sales data have been forecasted: April. May. June. June July U/sales. 640. 720. 780. 620. 660 Additional information follows: inventory on March 31: 192 units Desired ending inventory each month: 30% of next month's sales. How many units should be produced in April, May and June? How many units should be produced in the second quarter in total? You can Write your answers on this sheet as an excel table or a pasted word documentable.
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.
Budget for a merchandising company
Nano,inc.is preparing its budget for the second quarter . The following sales data have been
April. May. June. June July
U/sales. 640. 720. 780. 620. 660
Additional information follows:
inventory on March 31: 192 units
Desired ending inventory each month: 30% of next month's sales.
How many units should be produced in April, May and June?
How many units should be produced in the second quarter in total?
You can Write your answers on this sheet as an excel table or a pasted word documentable.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
