Ospika Products has projected the following sales for the coming year: 01 02 03 04 Sales $820 $900 $860 $960 Sales in the year following this one are projected to be 10% greater in each quarter. a. Calculate payments to suppliers assuming that Ospika places orders during each quarter equal to 30% of projected sales for the next quarter. Assume that Ospika pays immediately. (Round the final answers to 2 decimal places. Omit "$" sign in your response.) 04 Payment of accounts b. Calculate payment to suppliers assuming a 90-day payables period. (Omit "$" sign in your response.) 03 $ Payment of accounts Payment of accounts c. Calculate payment to suppliers assuming a 60-day payables period. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit "$" sign in your response.) 01 03 $ 02 04 03 04

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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.