in recent years, sands retro clothing has collected 45% of it sale in the month of the sale, 53% in the month that follows the sale. The other 2% is not collected. During the first five months of 2017, sands is anticipating sales of GHC 337,000, GHC 415,000, GHC 540,000, GHC 260,000 and GHC 370,000 respectively. What is the amount of cash receipts budgeted for march.
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.
in recent years, sands retro clothing has collected 45% of it sale in the month of the sale, 53% in the month that follows the sale. The other 2% is not collected. During the first five months of 2017, sands is anticipating sales of GHC 337,000, GHC 415,000, GHC 540,000, GHC 260,000 and GHC 370,000 respectively. What is the amount of
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