A group of budgets that lay out the company's sales, production, and financial goals is called a
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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![A group of budgets that lay out the company's sales, production, and financial goals is called a
Multiple Choice
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O
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cash budget
budgeted income statement
capital budget
master budget](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0d07bb18-8908-4249-a489-768d0c063ce4%2Fc826757e-2330-4514-bb06-6b10c38ba17e%2F324sc8k_processed.jpeg&w=3840&q=75)
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