Total budgeted sales figures for 20.1 are as follows: January February 160 000 180 000 March 192 000 Sales 30% of sales are cash sales Debtors settle their accounts as follows: 80% in the month after the sale and they get a 5% discount -20% two months after the sale The total cash receipts from debtors for March 20.1 is: O A. R118 160 OB. R134 400 O C. R123 200 O D. R126 000 April 210 000
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.
please answer within 30 minutes ..
Step by step
Solved in 2 steps