Question Bidbid Company's production budget for month of February is 16,600 units, and the Company's ending finished goods inventory policy is 20% of the following month's sales. The company plans to sel 32,000 units in March. How many units will be sold in February? Not yet answered a. None of the given answers. Marked out of 1.50 b. 12,750 P Flag question C. 25,250 d. 40,000 e. 30,000
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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