Over the past year Bob and Clark Manufacturing had an average quarterly sales for the past 5 years shown in the table below: SEASON 5-yr AVERAGE Spring 625 Summer 475 Fall 325 Winter 575 note: write the number with at most 2 decimal place, Round-off the final answer a. Compute the seasonal index for Spring: b. Compute the seasonal index for Summer: c. Compute the seasonal index for Fall: d. Compute the seasonal index for Winter:
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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