The Performing Arts Club at your school wants to build a music studio. The studio would be available for students to record and produce their own compositions and singles. The club has decided to recycle cans, plastic, and paper to raise money to pay for the construction of the music studio. Your task is to determine how much of each material is needed to raise the money for the music studio. You are working with Andre and Mary. Table 1 shows the amount of money raised for recycling 1 pound of each type of material. Table 1: Funds Raised for Each Type of Material Amount of Money Raised for 1 Pound of Material Name of Materials Aluminum cans S0.25 Plastic bottles $0.15 Paper s0.05 The cost to build the music studio is $15.000.
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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