The monthly electricity bill for Company XYZ comprises of two components: a flat subscription fee of $50 per month and constant rate per kilo watt of $2. Assume that Company XYZ consumed 500 kilo watts during the month of December, how much the total electricity bill for the month of December would be? Select one: O a. 1,050 o b. 1,000 O c. 500 O d. 550
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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