Mountainview Sporting Goods has the following sales budget: (Click the icon to view the sales budget.) Suppose Junesales are expected to be $76,000 rather than $60,000 Revise Mountainviewsales budget. Mountainview Sporting Goods Store Sales Budget Four Months Ended July 31 April Cash sales, 70% Credit sales, 30% Total sales Data table May June July Total Mountainview Sporting Goods Store Sales Budget www Four Months Ended July 31 April May June July Total Cash sales (70%) $ Credit sales (30%) 36,400 $ 15,600 18,000 59,500 $ 42,000 $ 36,400||$ 25,500 174,300 15,600 74,700 $ 52,000 $ 85,000 $60,000 $ 52,000 $ 249,000 Total sales - X
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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