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4 years ago

The amount you budget for inventory over a period of three months is called

Business

2 answers:

Setler79 [48]4 years ago

5 0

Answer:

The correct answer would be option D, Open to Buy.

Explanation:

The amount you budget for inventory over a period of three months is called Open to Buy.

When a retailer allocates budget for future inventory orders, for a specific period of time, either 3 months, 6 months, one year, etc, it is called as Open to Buy. Open to Buy is very helpful for the retailers to have a right amount of stock of the right product at a right time. In this way, retailer will know about the amount of inventory available and the amount of inventory needed for a particular period of time. So option D is the correct answer.

aleksklad [387]4 years ago

3 0

Answer:

The correct answer is Open to Buy

Explanation:

The open-to-buy is the amoun you budgeted for all of your inventory purchases expected for a given period. These are usually budgeted for One to Four months : ) <3

-angelina

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vlabodo [156]

Answer:

a) Business ethics.

Explanation:

Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual”s actions also apply to business. Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice.

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4 years ago

Simpleton, Inc. budgeted a material cost of $10 per lb. They ended up purchasing 2,300 lbs at $16 per lb. and using 1,800 lbs fo

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Answer:

Direct material price variance= $13,800 unfavorable

Explanation:

Giving the following information:

Simpleton, Inc. budgeted a material cost of $10 per lb.

Actual:

2,300 lbs at $16 per lb.

<u>To calculate the direct material price variance, we need to use the following formula:</u>

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Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (10 - 16)*2,300

Direct material price variance= $13,800 unfavorable

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3 years ago

portia grant is an employee who is paid monthly. for the month of january of the current year, she earned a total of $8,788. the

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a conflict will exist between the npv and irr methods, when used to evaluate two equally risky but mutually exclusive projects,

Fiesta28 [93]

True-No conflict will exist between the NPV and IRR methods, when used to evaluate two equally risky but mutually exclusive projects, if the projects' cost of capital exceeds the rate at which the projects' NPV profiles cross.

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While the IRR approach calculates the projected percentage return, the NPV method produces the predicted dollar worth of a project.

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2 years ago