Calculate the monthlyManned sales for August given the following information: % Season's % Season's Month Sales Reductions Planned Net Sales $342,000 August 16 19 Operating Expenses 58.5% September October 17 20 Planned Profit 9.5% 13 22 Cash Discounts 1.3% November 18 17 Reductions 16.8% December 10 Stock Turnover 4.5 January 14 12 Your Answer: Answer 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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