avigator sells GPS trackers for $59 each. It expects sales of 5,800 units in quarter 1 and a 5% increase each subsequent quarter for the next 8 quarters. Prepare a sales budget by quarter for the first year. Round final answers to nearest whole dollar. Navigator Sales Budget For the Year Ending Dec. 31, 20XX Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total Expected Sales (Units) fill in the blank 1 fill in the blank 2 fill in the blank 3 fill in the blank 4 fill in the blank 5 Sales Price per Unit $fill in the blank 6 $fill in the blank 7 $fill in the blank 8 $fill in the blank 9 Total Sales Revenue $fill in the blank 10 $fill in the blank 11 $fill in the blank 12 $fill in the blank 13 $fill in the blank 14
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.
Navigator sells GPS trackers for $59 each. It expects sales of 5,800 units in quarter 1 and a 5% increase each subsequent quarter for the next 8 quarters.
Prepare a sales budget by quarter for the first year. Round final answers to nearest whole dollar.
| Navigator | |||||
| Sales Budget | |||||
| For the Year Ending Dec. 31, 20XX | |||||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | Total | |
| Expected Sales (Units) | fill in the blank 1 | fill in the blank 2 | fill in the blank 3 | fill in the blank 4 | fill in the blank 5 |
| Sales Price per Unit | $fill in the blank 6 | $fill in the blank 7 | $fill in the blank 8 | $fill in the blank 9 | |
| Total Sales Revenue | $fill in the blank 10 | $fill in the blank 11 | $fill in the blank 12 | $fill in the blank 13 | $fill in the blank 14 |
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