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Why is sales forecast a key element in a capital budget decision?
Wiki User
∙ 10y ago
Sales forcast determines that how much production is required and then to meet that production level how much new investment and machinery etc required.
Wiki User
∙ 10y ago
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How does a budget differ from a forecast?
Budget is more accurate than forecast. A budget can be had from historic data whereas forecast looks into the future trends.
What is a forward looking statement?
A budget forecast.
What is The usual starting point for a master budget?
the sales forecast or sales budget.
How do you forecast budget in front office department in a hotel?
yes
What was the Production Budget for Executive Decision?
The Production Budget for Executive Decision was $55,000,000.
What was the Production Budget for The Valley of Decision?
The Production Budget for The Valley of Decision was $2,160,000.
What is main difference between capital budget and revenue budget?
While the capital budget and revenue budget are both budgets, the capital budget is incorporated for the long term. A revenue budget is made for the short term.
Should the A G Refrigerators sales budget be lower higher or equal to the sales forecast and why?
If you have a stable market in which you operate, then you could forecast for the sales. Normally sales budget should not exceed the sales forecast. Exceeding the sales budget over the forecasted sales can help the firm invest more capital in marketing and promotions. The Sales forecast would be beneficial for the production department.
What are the components of a master budget?
an operating budget and a capital budget
What is the budget of Capital School District?
The budget of Capital School District is 93,108,292 dollars.
Which is most appropriate to create analyze and forecast budget?
Spreadsheet
Which type of software use to prepare a budget forecast?
A financial package or a spreadsheet.
