Calculate January Total Receipts (Labeled X Below): February $15,000 $6,000 January Sales $10,000 Current Month $4,000 Collection (40%) Previous Month $0 Collection (60%) Total Cash Receipts Estimated Cash $3,000 Payments (100%) Net Cash Flow Y $8,000 $14,000 X $4,000 $7,000 $6,000 $12,000 $15,000 Z March $20,000 $8,000 $9,000 $17,000 $12,000 $5,000
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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