Parker corp which operates on a calendar year, expects to sell 6000 units in october and expects sales to increase 10% each month there after. Sales price is expected to stay constant at 17 per unit. what are budgeted revenues for the fourth quarter? 102,000 306,000 336,600 337,620
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.
Parker corp which operates on a calendar year, expects to sell 6000 units in october and expects sales to increase 10% each month there after. Sales price is expected to stay constant at 17 per unit.
what are budgeted revenues for the fourth quarter?
102,000
306,000
336,600
337,620
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