A master budget is a summary of a company's plans in which specific targets are set for sales, production, distribution, and financing activities and that generally culminates in a cash budget, budgeted income statement, and budgeted balance sheet (www.mcgrawhill.ca/college/garrison5/student/olc/5mag).
The "Analyzing the Master Budget" simulation summary takes you through different scenarios where changes occur in the master budget. These changes require that you analyze the impact and make modifications to the master budget in order for the organization to remain financially stable. …
