XYZ Company's budgeted production in January is 190,000 units. Ending inventory should be 20% of the next month's sales in units. February sales are expected to be 165,000 units. Budgeted sales for January would be (in units): Select one: O a. None of the given answers O b. 208,750 c. 202,500 O d. 196,250 O e. 215,000
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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