Submit a recommended quarterly budget for your car dealer client based on these projections: Jack and Claire Ford Of Anytown 2023 Monthly Projected Sales 1st Quarter 2nd Quarter 3rd Quarter 4th Quarterly Total NEW = 150. 300. 350 200 1000 USED = 115 280 325 180 900 1,000 new Fords x $ 30,000 average sales price each = $ 30,000,000 in annual sales 900 used vehicles x $ 20,000 average sales price each = $ 18,000,000 in annual sales Industry average for new cars is $ 500 per unit. Industry average for used vehicles is $ 400 per uni
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.
Submit a recommended quarterly budget for your car dealer client based on these projections:
Jack and Claire Ford Of Anytown 2023 Monthly Projected Sales
1st Quarter 2nd Quarter 3rd Quarter 4th Quarterly Total
NEW = 150. 300. 350 200 1000
USED = 115 280 325 180 900
1,000 new Fords x $ 30,000 average sales price each = $ 30,000,000 in annual sales
900 used vehicles x $ 20,000 average sales price each = $ 18,000,000 in annual sales
Industry average for new cars is $ 500 per unit. Industry average for used vehicles is $ 400 per unit.
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