The phone bill for Company XYZ consists of two components. A fixed monthly subscription fee of $100 and a constant calling rate of $0.5 per minute. Assume that during February Company XYZ has a total call time of 10,000 minutes how much was the total phone bill ($) for the month of February? a. 4,500 b. 4,900 c. None of the given answers d. 5,000 E. 5,100
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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