Sned Oare purcheses a single product for $20 and sells it for $32. Forecasted sales for the next three months are July 4,300 units, August 6,500 units, Sectember &.00 unis Cere's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 70 units What are budgeted purchases in unts for August? 36 Mutpe Choice 600 units 5.900 unts 7100 units 1:300 unts
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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