Duffy Corp. has provided a part of its budget for the second quarter: Apr May Jun $40,00 $40,00 $40,00 0 0 0 Cash collections Cash payments: Purchases of direct materials 7200 Operating expenses 7900 Capital expenditures 0 10,000 0 The cash balance on April 1 is $14,000. Assume that there will be no financing transactions or costs during the quarter. Calculate the projected cash balance at the end of April. $54,000 $42,000 $56,900 $85,400 6000 6000 4500 7000
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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