Define sales budget

Give a short introduction of the term “sales budget”? While preparing the sales budget what are the factors which can be taken?

E

Expert

Verified

Sales budget is the budget of whole sales expressed in terms of money or quantity. It is the between two factors that is, sales selling price and quantity.

Factors are taken into consideration while predicting for sales quantity are illustrated below:

- Investigation of Past Trend
-Reports through Salesmen
-Market investigation and Market study
-General Economic situations

Factors are taken into account while predicting for selling price is illustrated below:

-Cost value of the product
-likely amount of profits
-Selling price charged through the competitors
-Advertisement and sales promotion methods employed through the company.

   Related Questions in Financial Accounting

  • Q : Pre-requisites to apply Budgetary

    Write down the pre-requisites to apply Budgetary Control?

  • Q : Forecast future and forward exchange

    It is extremely difficult in order to forecast future exchange rates more precisely as compared to forward exchange rate or to the current spot exchange rate, as per the researchers. How these findings can be interpreted?

  • Q : Foreign exchange transactions Discuss

    Discuss how foreign exchange transactions between the international banks are settled?

  • Q : Capital budgeting analysis State some

    State some of the problems which may enter into capital budgeting analysis in case project debt is computed rather than borrowing capacity made by the project?

  • Q : Case study of a global economy The

    The economic recovery is seemingly on track and in fact strengthened during the first half of 2010. The global financial market however, suffered a setback with the turmoil in sovereign debt markets leading to sharp currency movements. The extent of recovery varies ac

  • Q : Balance sheet A listing of the

        A listing of the liabilities, assets, and equity of an entity at a point in time, the end of a month, or quarter, or year. It is one of the four financial statements required in a full financial report. The balance sheet gives the reader what the entity owns (assets)

  • Q : Multiplicity-Creativity as process

    Define the term Multiplicity (Creativity as process) in creative industry ? And also state the different personality traits and intellectual aptitudes which might contribute to creative thinking ?

  • Q : Importance of international financial

    Explain the importance in studying the international financial management?

  • Q : Avoidable Interest The book says

    The book says "avoidable interest is the amount of interest cost during the period that a company could theoretically avoid if it had not made expenditures for the asset." This makes it sound like avoidable interest is the total amount of interest paid for an asset. I know it's not but I was wonder

  • Q : Hedgers and Speculators Explain hedgers

    Explain hedgers and speculators are two types of economic agents required for a derivatives market to function.

©TutorsGlobe All rights reserved 2022-2023.