Garden Depot is a retaller that provided the following budgeted cash flows for next year: 1st Quarter $ 250,000 $ 309,000 2nd Quarter $ 400,000 $ 279,000 3rd Quarter $ 280,000 $ 269,000 Total cash receipts Total cash disbursements The company's beginning cash balance for next year will be $34,000. The company requires a minimum cash balance of $10,000 and may borrow money at the beginning of any quarter and may repay any part of its loans at the end of any quarter. Interest payments, based on a quarterly interest rate of 3%, are due on any principal at the time it is repaid. For simplicity, assume interest is not compounded. Required: Prepare the company's cash budget for next year. 4th Quarter $ 300,000 $ 289,000 and cash deficiencies should be indicated by a minus sign.

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A: It shows the income generated by the company.

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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.