Bahjat Oman Company produces and sells scientific calculators . The budgeted selling price per unit is $15. Budgeted unit sales in the first half of the year 2021 is as follows : January 18,000 units, February 14,000 , March 28,000 , April 42,000 , May 35,000 and June 32,000 units . The company's credit policy is to collect 25% of the total sales in the month of sale , and 60% in the month following the sale , and the remaining in the second month following sale . The expected total cash collections in dollars in April is closest to

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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.