9-10 A company requires 100 pounds of plastic to meet the production needs of a small toy. It cur- rently has 10 pounds of plastic inventory. The desired ending inventory of plastic is 30 pounds. How many pounds of plastic should be budgeted for purchasing during the coming period? a. 80 pounds b. 110 pounds c. 120 pounds d. 130 pounds e. None of these.
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.
9-10 A company requires 100 pounds of plastic to meet the production needs of a small toy. It cur- rently has 10 pounds of plastic inventory. The desired ending inventory of plastic is 30 pounds. How many pounds of plastic should be budgeted for purchasing during the coming period?
a. 80 pounds
b. 110 pounds
c. 120 pounds
d. 130 pounds
e. None of these.
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