Answer:
The purchases of raw material for February are budgeted to be 20275 pounds.
Explanation:
The opening inventory of raw material in February should be equal to 25% of the production requirement for the month of February. Thus, the opening balance of raw material is,
Opening balance- Raw material = 0.25 * 20600 = 5150 pounds
Similarly, the closing inventory for raw material for the month of February should be equal to the 25% of production requirement for the month of March. Thus, the closing inventory of raw material in the month of February is,
Closing balance = 0.25 * 19300 = 4825 pounds
Purchases of raw material should be enough to produce enough units to meet February's production requirement after using the opening inventory of raw material along with having enough desired closing inventory of raw material. So, the purchases of raw material are,
Purchases = Closing inventory + Production - Opening Inventory
Purchases = 4825 + 20600 - 5150
Purchases = 20275 pounds
Answer:
Explain to question or attach image
Explanation:
you need to explain your question better so you can have an answer
<span>The company depends on their company database when it comes to the storage and retrieval of important information in real time. This allows the company to have information which is reliable and accessible. The database of the company is a collection of data that is saved and organized to allow the user s to have its easy retrieval in times that they want to use or utilize it. The collection of information includes schemes, tables, queries, reports, views and other objects. The maintenance and accessibility of the database will need the company to have DBMs or Database Management System. The use of this system is to make sure that the data stored is safe and secured. </span>
Answer: a. Dynamic forecasting
Explanation:
Dynamic forecasting has to do with when the forecasted value or the predicted value of the dependent variable that us lagged in a research is used rather than using the actual value.
The dynamic forecasting technique fits situations where more recent events carry greater influence.
Answer:
Management's assessment of the design and operation of the company's internal controls over financial reporting should be:
integrated.
Explanation:
A company's assessment of internal controls over financial reporting should be integrated to focus on the effectiveness of internal controls and the reliability of the financial statements. The effectiveness of internal controls reduces the risk of fraudulent activities by all internal parties. Similarly, the reliability of the financial statements will ensure public confidence and engender unbiased, error-free, and faithful representation of financial performance and position to aid decision making by market participants.
