The following information concerning sales revenues for a development, Cool Blue, for the last four months have been as follows. Month Sales revenues Website 'hits' 1 145,000 90,000 2 115,000 80,000 3 111,000 77,000 4 100,000 67,000 Calculate the revenues that should be expected in month five when hits is expected to be 85,000 units. Ignore inflation.
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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