The following data are from the budget of Ritewell Publishers. Half the company’s sales are transacted on a cash basis. The other half are paid for with a 1-month delay. The company pays all of its credit purchases with a 1-month delay. Credit purchases in January were $80, and total sales in January were $230. February March April Total sales $ 300 $ 320 $ 280 Cash purchases 95 105 85 Credit purchases 65 55 65 Labor and administrative purchases 55 55 55 Taxes, interest, and dividends 35 35 35 Capital expenditures 150 0 0 Complete the following cash budget. (Leave no cells blank. Enter '0' when necessary. Negative amounts should be indicated by a minus sign.
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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The following data are from the budget of Ritewell Publishers. Half the company’s sales are transacted on a cash basis. The other half are paid for with a 1-month delay. The company pays all of its credit purchases with a 1-month delay. Credit purchases in January were $80, and total sales in January were $230.
| February | March | April | |||||||||
| Total sales | $ | 300 | $ | 320 | $ | 280 | |||||
| Cash purchases | 95 | 105 | 85 | ||||||||
| Credit purchases | 65 | 55 | 65 | ||||||||
| Labor and administrative purchases | 55 | 55 | 55 | ||||||||
| Taxes, interest, and dividends | 35 | 35 | 35 | ||||||||
| Capital expenditures | 150 | 0 | 0 | ||||||||
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