The cornerstone of any budgetary system is the sales or income forecast. The level of sales is
Question:
The cornerstone of any budgetary system is the sales or income forecast. The level of sales is extremely difficult to forecast with any degree of accuracy, and in that case it could be argued that the master budget which is based on this forecast is fundamentally flawed. Discuss.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
For budgetary systems for most entities the sales forecast is the cornerstone of the budgetary syste...View the full answer
Answered By
Sidharth Jain
My name is Sidharth. I completed engineering from National Institute of Technology Durgapur which is one of the top college in India. I am currently working as an Maths Faculty in one of the biggest IITJEE institute in India. Due to my passion in teaching and Maths, I came to this field. I've been teaching for almost 3 years.
Apart from it I also worked as an Expert Answerer on Chegg.com. I have many clients from USA to whom I teach online and help them in their assignments. I worked on many online classes on mymathlab and webassign. I guarantee for grade 'A'.
3+ Reviews
10+ Question Solved
Related Book For 
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
Question Posted:
