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?
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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.
he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
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