Answer: See explanation below for answer.
Explanation: In micro-economics, a discretionary expense refers to a cost that a business or household can actually do without, if necessary. These expenses are often wants rather than needs. Case in point, a business may allow employees to charge certain meal and entertainment costs to the company.
In macro-economics, discretionary spending is the type of government spending that is implemented through an appropriations bill. What this means is that the spending is an optional part of fiscal policy, which is quite the opposite of entitlement programs for which require mandatory funding and are determined by the number of qualified recipients.
Some examples of areas funded by discretionary spending are national defense, foreign aid, education and transportation.
Discretionary spending must always be deliberated upon by Congress through the annual appropriations process each year.
Answer:
Total production= 14,500 units
Explanation:
Giving the following information:
The finished goods inventory on hand at the end of each month should equal 4,000 units plus 25% of the next month's sales.
The expected sales in January are 14,000 units and expected sales in February are 18,000 units.
Assume that on January 1 the inventory of Quickclean was 8,000 units.
Production for January:
Sales= 14,000
Ending inventory= 4,000 + (18,000*0.25)= 8,500
Beginning inventory= (8,000)
Total production= 14,500
