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Briefly describe the benefits of a budget for a company? Why is a sales budget needed? PT.ECO has an initial cash balance in July 2018

  1. Briefly describe the benefits of a budget for a company?
  2. Why is a sales budget needed?
  3. PT.ECO has an initial cash balance in July 2018 of Rp. 2,500,000 expects to receive cash from sales of Rp. 55,000,000 in July 2020 and expects to receive other income from the business of renting the building it owns of Rp. 15,000,000. in that month PT.ECO incurred costs in the form of:

- The cost of raw materials is Rp. 11,000,000

- Labor costs 8,000,000

- Overhead costs 5,000,000

- Administration fee of 2,000,000

cash budget report in July 2020.

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