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olga nikolaevna [1]
4 years ago
9

When preparing a direct materials budget, beginning inventory for raw materials should be added to production needs, and desired

ending inventory should be subtracted to determine the amount of raw materials to be purchased.
Business
1 answer:
nikitadnepr [17]4 years ago
6 0

Answer:

False

Explanation:

While preparing the raw material budget for the period we calculate the total purchases to be made in the period concerned to meet the demand of raw material.

Demand in the period concerned = Total raw material required in production in current period + Total balance of inventory to be kept as closing inventory of current period - The opening available balance of inventory.

This is equal to the purchases to be made.

Thus, closing inventory is added and opening is deducted.

Therefore, the statement is question is not correct and is therefore, false.

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Read 2 more answers
Jim and Lisa are buying their first home together. The purchase price is $157,500.00 and they are putting a 20 percent down paym
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Answer: D. $90,518.40

Explanation:

They are putting a 20% down payment on the home which means they are paying 80%;

= 80% * 157,500

= $126,000

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Present value = Payment * ((1 - (1 + r)^-n) / r)

n= 20 * 12 = 240 months

r = 6/12 = 0.5%

126,000 = Payment * (( 1 - ( 1 + 0.5%)⁻²⁴⁰) / 0.5%)

126,000 = Payment * 139.58077168292915831291691663652‬

Payment = 126,000/139.58077168292915831291691663652‬

Payment = $902.70313

They'll pay that for 240 months;

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<em>Closest answer is D. </em>

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