Omegon Limited has the following sales forecasts for its watches next year: First Quarter..10,000 units Second Quarter.5% increase over first quarter Third Quarter 3% increase from second quarter Fourth Quarter.8% increase over third quarter What is Omegon’s total sales budget in units for next year? 1) 43,485 units. 2) 42,995 units. 3) 40,685 units. 4) 40,000 units
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.
Omegon Limited has the following sales
First Quarter..10,000 units
Second Quarter.5% increase over first quarter
Third Quarter 3% increase from second quarter
Fourth Quarter.8% increase over third quarter
What is Omegon’s total sales budget in units for next year?
1) 43,485 units.
2) 42,995 units.
3) 40,685 units.
4) 40,000 units
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