Suppose that the time step is taken to be three months, T- , and the quarterly returns K(1) K(2), K3), K(4) are independent and 4. identically distributed. over three quarters is 12%, then the expected quarterly return If the expected retun E(K(o,2)) is 1296 then the expected quarterly return E(K(1)) is 5.83%AO 3.85%BO .There is no correct answer co 16.31% DO
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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