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'What is the difference between sales forecast and sales quota?
what is sales forecast
What is sales budgeting and why is it important?
Sales budgeting is the starting point of budgeting process as in sales budget first of all the sales demand is determined and after that all other budgets are prepared to fulfill that demand.
What is the different between sales forecast and sales plan?
Sales plan is prepared based on sales forecast which is from previous experiance or on based on market research or intuition, an estimate that how much sales will be required in future.
The key to current asset planning is the ability of management to forecast sales accurately and then match production schedules with the sales forecast?
true
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.
'What is the difference between sales forecast and sales quota?
what is sales forecast
What is sales budgeting and why is it important?
Sales budgeting is the starting point of budgeting process as in sales budget first of all the sales demand is determined and after that all other budgets are prepared to fulfill that demand.
Who are the role players in budgeting?
the role of the internal and external role players in budgeting
Where can one get sales forecast software?
There are many places where one could obtain sales forecast software. One could check sites such as Sales Force for purchasing sales forecast software.
How managerial economist help for sales forecasting?
sales forecast
'What is the difference between sales forecast and sales plan?
Roughly, a Sales Plan is your strategie for achieving sales (purchases). A Sales forecast is an estimate at the beginning of a time period of how much one expects to sell.
What is the different between sales forecast and sales plan?
Sales plan is prepared based on sales forecast which is from previous experiance or on based on market research or intuition, an estimate that how much sales will be required in future.
The key to current asset planning is the ability of management to forecast sales accurately and then match production schedules with the sales forecast?
true
How to calculate percentage achievement in sales?
Divide the total sales by the total sales forecast
What is the role of the supervisor in budgeting?
The role of the supervisor in budgeting is to ensure that the budget is not exceeded. The supervisor allocates the money properly.
What is The usual starting point for a master budget?
the sales forecast or sales budget.
What is the difference between forecast and prediction?
Difference between Budget and Forecast Once the financial objectives have been set, it is possible to prepare and agree a budget. A budget should relate the overall plan in figures. It is different from a forecast in the sense that the plan, and therefore the budget, sets minimum requirements, whereas a forecast is usually an expectation of what is likely to happen. Example: You might choose to budget for sales of £180,000 and use this figure in calculating your likely expenditure, profit and so on. Based on your market research, however, you predict sales of £200,000, and set a target of £220,000, in order to stretch your sales force. If all your costs are covered by the budgeted figure, then you will make a greater profit if you achieve the forecast and a still greater one if you achieve the target. (Whilst this is an important distinction, in practice for most businesses the forecast and budget will be the same.)
