It allows workers to transfer, update, or share files within seconds.
Answer:
1. estimate the quantity of raw materials to be purchased.
2. ending raw materials inventory for the last period.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
1. The purpose of preparing a direct materials budget is to estimate the quantity of raw materials to be purchased. This includes the raw materials that would be used for the manufacturing of finished goods.
2. In a direct materials budget, the desired ending raw materials inventory for the year is equal to the ending raw materials inventory for the last period.
<u>Answer:
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We can expect to see a large change in the quantity demanded for Good A.
<u>Explanation:
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- As the price change in the price of good B is inelastic, it is but clear that the price of good B would not show any fluctuations even if there is an increase or decrease in the demand for good B.
- As the price of good B is not subject to decrease in the near future, it can be expected that the demand for good A would exhibit a sudden rise.
Answer:Lack of Feasibility studies
Explanation:
He might experience obstacle if he choose not to understand the area and its demand by the people around the selected area.
Secondly is lack of capital to start up the business.
