Answer:
Explanation:
In a single step income statement, revenues include sales and other gains
Sales revenue - 187000
Interest revenue - 10200
Gain on sale of equipment - 4700
In Total - 201900
I think you forgot to attach the options along with the question. i am answering the question based on my knowledge and research. If the inflation rate increases faster than their income, people will most likely <span>spend a lower proportion of their incomes on basic needs. I hope the answer has come to your help.</span>
Budgeted Purchases = Sales units + Closing inventory - Beginning Inventory
= 5,000 + (1,000 * 130%) - 1,000
= 5,300 units
