When setting a flexible budget, it is important to know the expected profit that a firm requires. the relevant ranges of activity and cost. the expected return that the shareholders or owners require. the impact of inflation on the budget in the year to come
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.
Subject - account
Please help me.
Thankyou.
Step by step
Solved in 3 steps
