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fomenos
3 years ago
13

LO 7.2What operating budget exists for manufacturing but not for a retail company?

Business
1 answer:
belka [17]3 years ago
8 0

Answer:

Production Budget

Explanation:

Production Budget is usually substituted <em>with</em> Purchasing budget for a retail company.

The operating budget usually consist of the:

  • sales budget,
  • production budget,
  • manufacturing overhead budget.

However, for a retail company that usually do not produce their products or inventory but purchase them, the Production Budget is usually substituted <em>with</em> Purchasing budget or merchandise inventory to be purchased; meaning since they do not have raw materials they<em> substitute </em>the number of units to be purchased, to the number of units to be produced.

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In June 2016, you travel to France on vacation and stayed at a hotel in Paris. In January 2018, you took another trip to the sam
sergiy2304 [10]

In 2018, your hotel bill in dollars compared to the cost in 2016 would have been <u>more</u>.

<h3>Why would the cost be higher?</h3>

In the year 2016 the U.S. dollar could buy more Euros that it could in the year 2018.This means that the Euro got stronger.

With the Euro being stronger in 2018 than it was in 2016, spending in Euros would attract more U.S. dollars being spent so the cost of the hotel bill would have been more in 2018.

Find out more on exchange rates at brainly.com/question/1297745.

8 0
2 years ago
Ricardo's utility depends on his consumption of good q1 and good q2, where the price of good q1 is initially $30 and the price o
adelina 88 [10]

Answer: 67

Explanation:

8 0
3 years ago
Calculate percent change if the original value of your stock was $25 and the new value of your stock $30
crimeas [40]

Answer:

Percentage Change | Increase and Decrease

First: work out the difference (increase) between the two numbers you are comparing.

Increase = New Number - Original Number.

Then: divide the increase by the original number and multiply the answer by 100.

% increase = Increase ÷ Original Number × 100.

Explanation:

thats how you find out how to calculate percentage change in value

hope it helps

6 0
2 years ago
Read 2 more answers
All of the following statements about the economic philosophy in Texas are true EXCEPT
ZanzabumX [31]

Answer:

The answer is: B) The median wage in Texas is much higher than the national average. THIS STATEMENT IS FALSE.

Explanation:

If you take the facts from the Census ACS 1 year survey, the median household income in Texas is $59,206 (2017 data) and a median hourly wage of $17,06 (2016 data from the Bureau of Labor Statistics).

If you compare those numbers with the national average, the US median household income is $60,336 (the national average is $1,130 higher than the Texas median household income). Historically the Texas median household income has been lower than the national average.

If we consider the median hourly wage in Texas of $17,06 (2016 data) and we compare to the national hourly wage of $17,81 (2016 data from the Bureau of Labor Statistics) we can clearly see it´s also lower. The top ten states with the highest median hourly wage are: Alaska, Massachusetts, Connecticut, Washington, Maryland, New York, New Jersey, California, Minnesota, Hawaii, with hourly wages ranging from $22.68 to $19.24

7 0
3 years ago
Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of b
Gnom [1K]

Answer:

price of wheat to increase, the supply of bread to decrease, and the demand for potatoes to increase.

Explanation:

A drought will reduce the supply of wheat thereby causing the supply curve to shift upwards (to the left) leading to an increase in the price of wheat. Since wheat is a basic ingredient in producing bread, an increase in the price of wheat will increase the cost of producing bread. An increase in cost of producing bread will reduce the supply of bread, shifting the supply curve to the right.

Potatoes and bread are close substitutes and therefore, have a competitive demand. An increase in the price of bread will increase the demand for potatoes because rational consumers will opt for a cheaper alternative considering their money income.

5 0
3 years ago
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