Parwin Corporation plans to sell 36,000 units during August. If the company has 14,500 units on hand at the start of the month, and plans to have 15,500 units on hand at the end of the month, how many units must be produced during the month? Multiple Choice 37,000 35,000 51,500 50,500
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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