The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $5.7 million, and the 2018 balance sheet showed long-term debt of $5.9 million. The 2018 income statement showed an interest expense of $190,000. During 2018, the company had a cash flow to creditors of –$10,000 and the cash flow to stockholders for the year was $70,000. Suppose you also know that the firm’s net capital spending for 2018 was $1,420,000, and that the firm reduced its net working capital investment by $79,000. What was the firm’s 2018 operating cash flow, or OCF
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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