Butterfly Co. targets to sell 12,000 units of their newly launched line of product in April. If the company intends to produce 13,500 units of this new product line, how many units should Butterfly Co. retain in its warehouse at the end of April given a beginning inventory of 3,000 units? A 2000 units 4,500 units 1,500 units D 5,800 units
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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