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4 years ago

LO 7.1The most common budget is prepared for a ________. week month quarter year

Business

1 answer:

sertanlavr [38]4 years ago

7 0

Answer:

correct option is D. year

Explanation:

solution

most common budget is prepared for yearly

as budget can be prepare for any length of time period but standard is yearly

some retailer prepare their budget monthly some do quarterly and some do every four week bases

as we know retailer oftenly purchase inventory for 6 to 12 months time period so inventory plan will be complete well in advanced

so here correct option is D. year

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In its first year of business, Borden Corporation had sales of $2,040,000 and cost of goods sold of $1,220,000. Borden expects r

nordsb [41]

The entries are as follows

<u>To record estimated returns on Sales</u>

Debit: Sales Refund Payable Account $142,800

Credit: Accounts Receivables $142,800

<u>To record estimated Cost of Sales returns</u>

Debit: Inventory Returns Estimated Account $85,400

Credit: Inventory on Sales on Returns $85,400

<u>Explanation:</u>

<u>To derive the figure for Sales Refund payable for the year</u>

7% of $2,040,000

=7/100*2040000= $142,800

<u>To derive the figure for Inventory cost on Sales Refund payable for the year </u>

7% of $1,220,000

=7/100*1220000

= $85400

6 0

4 years ago

You are the purchasing manager and you buy a raw material having the following information: Annual demand = 900 units Fixed orde

alex41 [277]

Answer:

=2983.25

Explanation:

In calculating the inventory on raw materials you will have to Add together the original value of raw materials, the works in progress if any and finished goods to get starting total inventory.

The solution to the question can be calculated like this:

EOQ= $\sqrt{2* 900 * 100/2.5}$

EOQ=268.328

EOQ+SAFETY STOCK=268.328+30

=298.325

VALUE=298.325*10

=2983.25

7 0

4 years ago

Anita, a good friend of yours wants to invest in the natural resources of nigeria. What type of international investment should

Fiesta28 [93]

Anita should consider regional funds as the ideal type of international investment to invest in Nigeria's natural resources.

<h3 /><h3>What are regional funds?</h3>

It corresponds to a specific type of investment in securities in a location, it is managed by managers on a mutual basis, with a wide range of operations that are beyond its location.

Therefore, regional funds represent a safer alternative for investing in other countries, as their management is geared towards this end, with greater security and control as they are mutual funds.

Find out more about regional funds on:

brainly.com/question/4521829

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8 0

1 year ago

Which of these is a concept that began in ancient Greece and influenced the development of American constitutional democracy?

vesna_86 [32]

A bill of rights is the right answer

3 0

3 years ago

Last month, Buren, Inc. manufactured 10,000 units of its only product, and the cost per unit was $60. At this level of productio

julia-pushkina [17]

Answer:

Consider the following calculations

Explanation:

Fixed Cost = 60*50%*10000 = $300000

Variable Cost per unit = 60*50% = $30 per unit

Previous Total Cost Per Unit = $60 per unit

New Total Cost per unit = Fixed Cost + Variable Cost

= 300000 + (10500*30)

= 300000 + 315000

= $615000

New Total Cost per unit = 615000/10500

= $58.57 per unit

Note:-

Fixed cost will remain unchanged irrespective of the increase in the production in units.So total cost per unit decrease.We can see the above effect.

7 0

3 years ago