Central Drug Store carries a variety of health and beauty aids, including elastic ankle braces. The sales budget for ankle braces for the first six months of the year is as follows. The owner of Central Drug believes that ending inventories should be sufficient to cover 20 percent of the next month’s projected sales. On January 1, there were 84 ankle braces in inventory. If ankle braces are priced at cost plus 60 percent, what is the dollar cost of purchases for February.
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.
7. Central Drug Store carries a variety of health and beauty aids, including elastic ankle braces. The sales budget for ankle braces for the first six months of the year is as follows. The owner of Central Drug believes that ending inventories should be sufficient to cover 20 percent of the next month’s projected sales. On January 1, there were 84 ankle braces in inventory. If ankle braces are priced at cost plus 60 percent, what is the dollar cost of purchases for February.
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