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Explain ‘Sales Budget’. |
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Answer» A sales budget is an estimate of sales for a future accounting period. Sales budgets are often divided into first, second, third and fourth fiscal quarter estimates. The more accurate your sales estimates, the more effectively you can manage your business. While preparing the sales budget, the following factors are kept in mind : • Past Sales Figures and Trends • Plant Capacity • Availability of Raw Materials • Seasonal Fluctuations • Orders in Hand |
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