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because they help businesses predict how much money they can expect.

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Ruth Sakala

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2y ago

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Why is it advisable to start with sales the production and capital expenditure forecast in the budgeting process?

Starting with sales forecasts in the budgeting process is advisable because it provides a foundation for estimating revenue, which is crucial for determining the financial feasibility of the budget. Additionally, sales forecasts can drive production forecasts, helping to align production capacity with expected demand. Capital expenditure forecasts should follow sales and production forecasts to ensure that investments are made strategically to support the anticipated sales and production levels. This sequential approach ensures that the budget is realistic and well-aligned with the overall business strategy.


Why is it advisable to start with sales then production and thencapital expenditure forecast in the budgeting contolg?

Starting with sales forecasts allows a business to estimate revenue and determine the demand for products or services. This informs production planning, ensuring that resources are allocated efficiently to meet anticipated sales. Once sales and production are understood, capital expenditure forecasts can then be developed to support the required capacity and infrastructure, aligning investments with expected growth. This sequential approach helps create a cohesive budget that reflects realistic operational needs and financial goals.


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Capital


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