The cash receipt for each month as follows: $ Month 1 4,000 Month 2 6,000 Month 3 5,000 Month 4 7,000 Total sales 22,000 Purchases $ Month 1 6,000 Month 2 6,000 Month 3 4,000 Month 4 5,000 Total Purchases 21,000 The company has beginning cash for the of month 2 dollar 6502. the company has minimum cash Dollar 3266. What is amount of fun for the of 3? Answer:
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.
Cash budget in the business shows total cash inflows and cash outflows in the business and at the end it shows net cash balance.
Step by step
Solved in 2 steps
