The answer is foreign currency fluctuations.
Foreign currency fluctuations are basically the change in the values of currencies based on the demand of that currency.
In other words, the more the number of investors invests in the stocks regulated by the stock market to buy exports of any country, the more will be the value of the currency of that particular country and vice versa.
Foreign currency fluctuation occurs for all floating currencies all over the world.
Since in the given case, the value of the euro changes from US$1 to US$1.60 from 2002 to 2008 respectively.
Hence, this change in value is called Foreign currency fluctuations.
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The term used from the income statement to calculate turnover is (b) Sales
<h3>How to determine the term?</h3>
The turnover of property plant & equipment and receivables is calculated using
Turnover = Sales ÷ Average Inventory
The dividend in the above equation is Sales
Hence, the term used from the income statement is (b) Sales
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Answered from a general economic perspective
<u>Explanation:</u>
In a pandemic-afflicted economy, for most entrepreneurs in other to survive such a period, they must accept and "make needed changes to their business operations."
Consider, for example, an entrepreneur in the Philippines involved in the sales of products that usually involved in-person sale transactions. However, due to restrictions on the level of physical activity, such an entrepreneur may need to consider alternative ways to make sale transactions while complying with government restrictions. Like most businesses, the entrepreneur may need to raptly switch to taking orders online. This is just one typical example of how an entrepreneur can survive this kind of crisis.
Answer:
Budgeted Production = 52910 units
Explanation:
The budgeted production should be enough to meet the yearly sales requirement plus provide enough inventory at the year end to cover for the required level of desired inventory. The opening inventory at the start of the year should be deducted to calculate the budgeted production.
Budgeted production = Sales + Closing Inventory - Opening Inventory
Budgeted Production = 51500 + 7410 - 6000
Budgeted Production = 52910 units
