Explain the role of a sales forecast in budgeting. What is the difference between a sales fore-cast and a sales budget?
Answer to relevant QuestionsAll budgets depend on the sales budget. Is this true? Explain. Patrick Inc. makes industrial solvents sold in five- gallon drums. Planned production in units for the first three months of the coming year is: January ........... 43,800 February ......... 41,000 March ...Kailua and Company is a legal services firm. All sales of legal services are billed to the client (there are no cash sales). Kailua expects that, on average, 20 percent will be paid in the month of billing, 50 percent will ...Fang Company produces decorative plastic items, including hollow plastic pumpkins often used by trick-or-treaters for Halloween. Each pumpkin requires about 5 ounces of plastic costing $ 0.08 per ounce. Fang molds the ...Allison Manufacturing produces a subassembly used in the production of jet aircraft engines. The assembly is sold to engine manufacturers and aircraft maintenance facilities. Projected sales in units for the coming five ...
Post your question