A local barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?
To solve this question:
Take the 60 books received and divide them by the total 80 books they ordered.
60/80 = 75%
Barnes and Noble received 75% of the books they ordered so they are missing 25% of them.
Answer:
The order in which the following budgets are generally prepared are as arranged below:
1. Sales budget
2. Production budget
3. Material purchases budget
4. Budgeted income statement
In an attempt to expatiate the decision above. We must observe that income statement starts with revenue. Similarly here, the budget will starts with sales. The revenue section is followed by production budget which from which various budgets like material, direct labor and overhead budget are prepared from. After the Production budget, follow the Material purchase budget, then Budgeted Income Statement
