sophone, oboe, and clarinet reeds, has projected sales to be 1002.000 in October, 1054.000 in November, $1.025.000 in December, and ser 78% credit. The company's collection history indicates that credit sales are colected as follows 20% in the month of the sale 70% in the month after the se 8% o months after the sale 2% are never collected Requirements . Prepare a sales budget for all four months, showing the breakdown between cash and credit sales Prepare a cash collection budget for December and January Round all answers up to the nearest dollar equirement 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales Leret Reeds Sales Budget For the Four Months Ended January November December sh sales dit sales al sales October January January Leary
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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