Cash budget The following cash budget is for the third quarter of this year. Solve for the missing numbers on the cash budget, assuming that the accountant has requested a minimum cash balance of $9,800 at the start of each month. All borrowings, repayments, and investments are made in even $1,400 amounts. No borrowings or investments exist at the beginning of July. Beginning cash balance Cash receipts Total cash available Cash disbursements Payments on account Wages expense Overhead costs Total disbursements Cash excess (deficiency) Minimum cash balance Cash available (needed) $ Financing Borrowings (repayments) Acquire (sell) investments Receive (pay) interest Ending cash balance S S July $10.360 S 22.960 OS 0 14,000 11.200 $28.840 $ 0 (9.800) 0 $5.600 $ $10.080 S August September Total OS 28.280 0 $10.920 0 12.880 0 0 (9.800) S(12.320) S 0 OS OS 0 $57,400 $15.960 $ 17.360 0 $45.640 S 0 0 0 $(1,400) $ 0 0 0 0 0 $108.920 0 48.440 36.400 0 0 0 $(16.240) 0 0 (28) $10.332

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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.