<span>Fixed budget, in a fixed budgetary control
system, the master budget is based on a single prediction for sales volume or other activity level. The budgeted amount for each cost
essentially assumes that a specific amount of sales will occur. A fixed budget, also called a static budget, is<span> based on a single predicted amount of
sales or other measure of activity.</span></span>
Answer:
The times per period the average inventory balance is sold.
Explanation:
The formula for inventory turnover is as follows:
Where:
Average inventory = (beginning inventory+ ending inventory)/ 2
Considering the formula this makes the third option the only correct answer As it do not consider obsolote neither purchases for the period.
Answer:
$25 000 per week
Explanation:
slope is define by the equation
s = ( y2 -y1) / (x2 - x1) = (200000 - 100000) / (16 - 20) = $25 000 per week
it is negative slope where y2 = $ 200000, y1 = $ 100000 and x1 = 20 weeks and x2 = 16 weeks
Answer:
$21,420
Explanation:
The total expense in year 1 was $21000
the inflation rate is 2 percent. it means prices will increase by 2 percent.
The amount to be spent in year 2 will be more by 2% than year 1
If year expenses are 100%, year 2 expenses will be 102%
Actual year 2 expense will be 102% of $21,000
=102/100 x $21,000
=1.02 x $21,000
=$21,420