Five Friends Relocation Company prepared the following sales budget Cash Sales Credit Sales $25,000 $12.000 $38,000 $18.000 $36.000 $50,000 Month March THA Apri May June $45,000 $49,000 Credit collections are 50% in the month of sale, 43% in the month following the sale, and 5% two months following the s The remaining 2% is expected to be uncollectible. What is the total cash received in April to account April sales at Five Friends Relocation Company? OA $6.000 OB $47,000 OC. $44,000 OD. $9.000
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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