Answer: A plan showing the planned sales units and the revenue to be derived from these sales, and is the usual starting point in the budgeting process, is called the Sales Budget.
Explanation:
A sales budget is a financial planning that estimates a company’s total revenue in a specific time period.
It focuses on two things—the number of products sold and the price at which they are sold—to predict how the company will perform.
A sales budget isn’t the same as sales forecasting, which is the process of estimating future sales revenue. But a solid sales budget may be used to inform a sales forecast.
A sales budget is also different from a sales expense budget, which focuses on company expenses over a certain period of time.
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Answer:
IV
YES
Explanation:
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business.
They include rent , salary and cost of raw materials
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
economic profit includes the opportunity cost of funds
In some industries, only normal profit is earned in the short run. For example, in a perfect competition and monopolistic competition, only normal profit is earned in the long run due to free entry and exit of firms in the industry. thus if only normal profit would be earned, the company should still go ahead and establish
Answer:
The correct answer is C. allowing unemployed workers to search longer or less intensively for jobs
Explanation:
