t of For the upcoming year, Nabil Litre Limited expects to generate $3,840,000 of revenue. Based on historical trends, the company makes the most sales in the first two quarters. As a result, it assumes that the first and second quarter will each contribute 30% of the annual revenue. The remaining budgeted amount will be allocated equally between the last two quarters. For each quarter, calculate the budgeted sales in dollars. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number.
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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