The budget of a company for next period shows that it would breakeven at a sales value of GHC800000 with fixed cost of GHC320000. What sales value should the company target to derive a profit of GH¢200000 in the next period? OA. GHC1320000 O B. GHC1300000 OC. GHC1000000 D. GHC866667
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.
![The budget of a company for next period shows that it would breakeven at a sales value of GHC800000 with fixed cost of
GHC320000. What sales value should the company target to derive a profit of GH¢200000 in the next period?
OA. GHC1320000
O B. GHC1300000
OC. GHC1000000
OD. GHC866667](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faab0e5c5-b57e-4ba0-a229-d602267f7060%2Fd63dc618-a0a5-4611-88e1-753adb55bc07%2Fwkbdlu_processed.jpeg&w=3840&q=75)
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