Overview The purpose of this discussion is to give you practice calculating and interpreting percents, budgets, sales tax, and discounts. Instructions How do you calculate sales tax? How do you calculate a discount? Explain and give examples. How is calculating sales tax different than calculating a discount? Explain and give examples. How is calculating sales tax similar to calculating a discount? Explain and give examples.
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.
Overview
The purpose of this discussion is to give you practice calculating and interpreting percents, budgets, sales tax, and discounts.
Instructions
- How do you calculate sales tax? How do you calculate a discount? Explain and give examples.
- How is calculating sales tax different than calculating a discount? Explain and give examples.
- How is calculating sales tax similar to calculating a discount? Explain and give examples.
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