se the information in the flexible budget to evaluate the choice of new locations for the month of March. Should these locations continue to be served or should Franci look for other places to operate his truck
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.
Francisco de Modenza operates a taco truck in Los Angeles, California. The truck operates on a monthly schedule that specifies the location it will serve for both lunch and dinner and for (relatively rarely) brunch. The lunch locations have been dependably busy even during the pandemic. However, some of the evening locations have become quite isolated and the number of customers fell off dramatically. For this reason, Franci has been trying out new locations.
Following is the flexible budget analysis of the results of operations for the month of March.
Use the information in the flexible budget to evaluate the choice of new locations for the month of March. Should these locations continue to be served or should Franci look for other places to operate his truck?
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