After Oliver Queen lost ownership of his company at Queen's consolidated, Mr. Queen no longer has the luxury of spending his money without care. He wants to buy a new car, and he has narrowed his choices down to two models. Model A sells for $25000, gets 25 miles/gallon, and costs $250 a year for insurance. Model B sells for $32500, gets 40 miles/gallon, and costs $315 a year for insurance. He drives about 20,000 miles a year and gas costs about $2.50 a gallon. Find how long it will take for the cost of owning Model A to surpass the cost of owning Model B.
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.
After Oliver Queen lost ownership of his company at Queen's consolidated, Mr. Queen no longer has the luxury of spending his money without care. He wants to buy a new car, and he has narrowed his choices down to two models. Model A sells for $25000, gets 25 miles/gallon, and costs $250 a year for insurance. Model B sells for $32500, gets 40 miles/gallon, and costs $315 a year for insurance. He drives about 20,000 miles a year and gas costs about $2.50 a gallon. Find how long it will take for the cost of owning Model A to surpass the cost of owning Model B.
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