 Hello in this lecture we're going to work on a master budget and we're going to start off with the sales budget over here. We're going to have our information on the left hand side and then we're going to enter that information into the blue area over here. The master budget can be a bit intimidating because of one the amount of information that is given in a problem like this and two because of the amount of information we have to input can be very large however if we do it basically in chunks step by step and there is a step by step process in order and order that we have to do it in basically starting of course with the sales budget. I also want to point out that we are going to do a master budget and we're thinking about manufacturing companies and the reason for a manufacturing company type budget is often because it's the largest type of budget we're going to have to think about because we're going to have to think about purchasing and inventory so obviously if you were working on something if we had a budget for something that was not a manufacturing company then we would still have a budget but we would take out of course a lot of the