--%>
Assignment Help - homework help

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 : What is Capital Capital : In easy word,

    Capital: In easy word, capital signifies the amount or asset that is invested in business by businessman or owner of business. Whenever the business is closed, after paying exterior creditors, balance amount will be his capital that he can attain.

    		•
  • Q : Hedging transaction exposure and money

    Compare and discuss the hedging transaction exposure by using the forward contract vs. money market instruments. When the optional hedging approaches do creates the same result?

    		•
  • Q : Essay topics related to Religion I have

    I have some problem related to Essay topics which are related to Religion which are illustrated below: Topic A:What are the qualities of the ‘perfect&rsq

    		•
  • Q : Ppe Question 3 The following

    Question 3 The following information is taken from the financi al statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had

    		•
  • Q : Accumulated E&P (earnings and profits)

    Normal 0

  • Q : Currency options and forward contract

    State some of the advantages of currency options contract as a hedging tool as compared with the forward contract?

    		•
  • Q : Trend of Gross profit of Company

    Describe the trend of Gross profit of Company?

    		•
  • Q : International foreign and domestic trade

    Explain some of the reasons why international foreign trade is difficult and risky from the perspective of exporter than is domestic trade.

    		•
  • Q : Book-value method of accounting for

    The stock is recorded at the book value of debt. The convertible debt is removed at the book value, the number of share times par is added to the stock account, and the remaining amount is plugged in to additional paid in capital. Contrast with the market value in whi

    		•
  • Q : What is the equivalent rate A bank

    A bank quotes an interest rate of 13.5% per annum with quarterly compounding. What is the equivalent rate with (a) continuous compounding and (b) annual compounding?

    		•