Question

A plan that reports the units or costs of merchandise to be purchased by a merchandising company during the budget period is called a:

Answer 1

Answer:

Merchandise purchases budget.

Explanation:

The Merchandise purchases budget is a plan that reports the units or costs of merchandise to be purchased by a merchandising company during the budget period.

It is prepared by a retail company to make sure it has sufficient inventory on hand. It uses the budgeted sales figures from the Sales Budget to decide the quantity of inventory to be bought at each period