Provide what is being asked. Show your solution; Baston llakad is a financial budgeting for Makati wet market, has prepared the following sales and cash disbursement estimates for the period of August through December of the current year. Month Sales Disbursement 400 August September 300 500 500 October 500 700 November 600 400 December 700 500 90% of sales are for cash, the remaining 10% are collected one month later. All disbursements are on a cash basis. The firm wishes to maintain a minimum cash balance of P50. The beginning cash balance in September is P25.
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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