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.
Significant costs associated with the disposal of asset. Accounting for asset retirement obligations requires estimating the cost and discounting estimate. The present value added to the asset's depreciable base and a liability is recorded for the obligation. Every year, interest expense is added
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1 You're trying to save to buy a new $200,000 Ferrari. You have $40,000 today that can be invested at your bank. The bank pays 5.5 percent annual interest on its accounts. How long will it be before you have enough to buy the car? 2 Although appealing
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