For the year 2016 Fountain springs marketing managers project monthly sales of 520000 1litre and 185000 16litre unit Average selling prices are estimated at 050 per 1litre unit and 700 per 16litre unit prepare a revenue budget for fountain springs inc for the year ending December 31 2016
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.
For the year 2016 Fountain springs marketing managers project monthly sales of 520000 1litre and 185000 16litre unit Average selling prices are estimated at 050 per 1litre unit and 700 per 16litre unit prepare a revenue budget for fountain springs inc for the year ending December 31 2016
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