Frame Manufacturing Corporation has provided the following sales budget inform July August $ 61,000 $ 71,000 September $ 76,000 Cash sales are normally 40% of total sales; credit sales are expected to be collec amount of cash expected to be received from customers in September is: Mutiple Choice $30,400 $71,000
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.
![Frame Manufacturing Corporation has provided the following sales budget information:
$ 61,000
$ 71,000
$ 76,000
July
August
September
Cash sales are normally 40% of total sales; credit sales are expected to be collected in their entirety in the month following the month of sale. The
amount of cash expected to be received from customers in September is
Multiple Choice
$30,400
$71,000
$73.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F506c3f2a-e371-4ce1-aa8d-cf5301d8204a%2F2686f7a9-87cf-4c74-b357-316f16001da5%2Fwfljoz_processed.jpeg&w=3840&q=75)
![Frame Manufacturing Corporation has provided the following sales budget information:
$ 61,000
$ 71,000
$ 76,000
July
August
September
Cash sales are normally 40% of total sales; credit sales are expected to be collected in their entirety in the month following the month of sale. The
amount of cash expected to be received from customers in September is
Multiple Choice
$30,400
$71,000
$73.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F506c3f2a-e371-4ce1-aa8d-cf5301d8204a%2F2686f7a9-87cf-4c74-b357-316f16001da5%2Fh8a2g9r_processed.jpeg&w=3840&q=75)
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