Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($400.00g) Expenses: Wages and salaries ($11,300 + $126.00g) Supplies ($3.00q) Equipment rental ($2,100 + $21.00q) Insurance ($4,200) Miscellaneous ($510+ $1.50q) Total expenses Net operating income 250 $ 100,000 42,800 750 7,350 4,200 885 55,985 $ 44,015
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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