Episode 4 — Financial Documents

Budgets

Learners will be able to:

- Describe the concept of a budget and its importance in financial planning. - Identify the steps involved in creating a budget, including estimating income and expenses. - Calculate the percentage increase in sales using the formula: (difference ÷ original) × 100%. - Determine the amount expected to be spent on purchasing ice creams based on a given percentage increase. - Calculate the total expenses for a month by adding up various expense categories. - Find the net income or profit by subtracting total expenses from total income.