Tucker Inc. makes dog treats. The material to be purchased from the production budget is as follows: April May June Material to be purchased 161,800 270,900 195,600 Tucker Inc. pays $0.40 per kilo for its material. 60% of a months purchases are paid for in th month of purchase, 40% is paid for in the following month. The March 31 accounts payable balance is $10,000 and will be paid in full in the first month. The total cash disbursement for April is ____________ The total cash disbursement for May is ____________ The total cash disbursement for June is ____________ The total cash disbursement for the quarter is____________
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.
Tucker Inc. makes dog treats. The material to be purchased from the production budget is as follows:
April May June
Material to be purchased 161,800 270,900 195,600
Tucker Inc. pays $0.40 per kilo for its material.
60% of a months purchases are paid for in th month of purchase, 40% is paid for in the following month.
The March 31 accounts payable balance is $10,000 and will be paid in full in the first month.
The total cash disbursement for April is ____________
The total cash disbursement for May is ____________
The total cash disbursement for June is ____________
The total cash disbursement for the quarter is____________
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