Ryan Merchandisers expects to sell 540 units of Product A at $30 per unit in January. The company expects to sell 640 units of Product A at $30 per unit in February. Sales are 40% cash and 60% on account. All sales on account are collected in the month after the sale. What is the expected total budgeted sales for February? OA. $35,400 OB. $19,200 OC. $16,200 O D. $22,200
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.
Dinesh Bhai
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