When identical units of an item are purchased at different costs: <span>an inventory cost flow method must be used under both a perpetual and a periodic inventory system.
A perpetual inventory system will update your inventory on hand after each sale or purchase of inventory is made. A periodic inventory system is updated periodically, meaning, a company will give a time period they would like their sales and purchases to update in and the system will perform that. Both systems are great for a business but it's their option of how they are generated.
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Answer: sales budget
Explanation:
The first budget customarily prepared as part of an entity’s master budget is the sales budget.
Sales budget is simply financial plan, that shows how resources will have to be distributed in order for the predicted sales to be achievable.
The ‘SMART’ technique a tool for effective goal setting. The acronym SMART stands for Specific, Measurable, Attainable, Realistic, and Time-bound, all of which are requisites for goals. The goal “to sell a combination of six refrigerators, stoves or dishwashers to earn a bonus” is specific, measurable, attainable and realistic because Michelle has done this before. Yet the goal is not time-bound. The length of time it is required to meet is not specified in the goal.
Answer:
Personal experience
Explanation:
Hasty generalization fallacy is also known as the over generalization fallacy. It is defined as making a claim grounded on the evidence that is very small. In short, the speaker jumps to the conclusions grounds on few examples.
Personal experience is defined as the something which the speaker or the person gone through or seen ourselves. So, in this people tend to take a decisions grounded off their experience and it is very quickly.
It leads to the hasty generalization fallacy. Therefore, the correct option is personal experience.
Answer:
The Diary Survey.
Explanation:
"The other national data sources and its publishing period are highlighted in the next cite:
"The Consumer Expenditure Survey (CE) is a nationwide household survey conducted by the U.S. Bureau of Labor Statistics (BLS) to find out how Americans spend their money. It is the only federal government survey that provides information on the complete range of consumers’ expenditures as well as their incomes and demographic characteristics. BLS publishes 12-month estimates of consumer expenditures twice a year with the estimates summarized by various income levels and household characteristics. BLS also produces annual public-use microdata files to help researchers analyze the data in more detail.
The CE consists of estimates derived from two separate surveys, the Interview Survey and the Diary Survey. The Quarterly Interview Survey is designed to collect data on large and recurring expenditures that consumers can be expected to recall for a period of 3 months or longer, such as rent and utilities, and the Diary Survey is designed to collect data on small, frequently purchased items, including most food and clothing. Together, the data from the two surveys cover the complete range of consumers’ expenditures. CE data are collected for BLS by the U.S. Census Bureau."
Reference: U.S. Bureau of Labor Statistics. “Consumer Expenditures and Income: Overview.” U.S. Bureau of Labor Statistics, U.S. Bureau of Labor Statistics, 2019
