Lesson 7

Cards (3)

  • Sales Budget
    It is a financial plan that outlines a company's expected sales revenue for a specific period, typically a month, quarter, or year. It serves as a crucial component of the overall budgeting process and helps guide sales activities, set targets, and allocate resources effectively.
  • Formula for Sales Budget
    SB = ESV x ESPPU
  • SB = sales budget; sales projection
    ESV = expected sales volume; estimated quantity of units or products the company expects to sell during the period
    ESPPU = expected selling price per
    unit; anticipated price at which each unit or product will be sold