Total budgeted sales figures for 20.1 are as follows: January February 160 000 180 000 March 192 000 Sales 30% of sales are cash sales Debtors settle their accounts as follows: 80% in the month after the sale and they get a 5% discount -20% two months after the sale The total cash receipts from debtors for March 20.1 is: O A. R118 160 OB. R134 400 O C. R123 200 O D. R126 000 April 210 000
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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![Total budgeted sales figures for 20.1 are as follows:
January
February
Sales
160 000
180 000
• 30% of sales are cash sales
• Debtors settle their accounts as follows:
• 80% in the month after the sale and they get a 5% discount
• 20% two months after the sale
The total cash receipts from debtors for March 20.1 is:
A. R118 160
B. R134 400
O C. R123 200
O D. R126 000
March
192 000
April
210 000
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