A group of detailed budgets and schedules representing the operating and financial plans for the future is called a(n) <u>master </u>budget.
<h3>Which budget is sometimes referred to as the master schedule budget?</h3>
The planning budget and static budget are other names for the master budget. Because it establishes the cost per unit and the anticipated volume of production and sales, it is known as the static budget.
The operating budget and the finance budget are the two main subcategories of the master budget. The projected balance sheet is the result of the financial budget's planning for the utilization of assets and liabilities. The operating budget produces a forecasted income statement and aids in planning future revenue and expenses.
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Answer:
Budgeted cost of the goods will be $10100
So option (c) will be the correct answer
Explanation:
We have given purchased price of the goods = $9450
Inventory at the beginning of October, that is beginning inventory = $4050
And inventory at the ending of October, that is ending inventory = $3400
We have to find the budgeted cost for goods sold in October
Budgeted cost for goods is given by
Budgeted cost = beginning inventory + purchase - ending inventory = $4050+$9450-$3400 = $10100
So option (c) is the correct option
Answer:
Simple, stable
Explanation:
External environment
This is commonly known and includes factors, forces, outcomes, situations, and events outside an organization that influences or affect its performance.
The components of external environment includes: economic, demographic, technological, sociocultural, political/legal, global etc.
Stable-simple environment
This environment is said to be very stable and also predictable. The Few components are sort of similar and remain the same. And it requires little need for sophisticated knowledge of components.
Answer: - Find out why they didn't come back; Work on feedback; Be Creative; Maintain a good customer relationship
Explanation:
Handling businesses is a great task for any business owner or entrepreneur. When the sales no longer cone in as they do, many owners tend to quit and move on to something else, here are four ways or things owners can do to regain their loyal customers;
- Find out why they didn't come back; this can be done by carrying out a questionnaire, and sending them to the customer's.
- Work on feedback; when they respond to the questionnaire, it's time to work on what they complain about.
- Be Creative; whatever their feedback would be it'll be advisable to employ creativity to what you've been doing and do them better.
- Maintain a good customer relationship; this helps you be in the same phase with your customers.
If the European Union put a quota on American jeans only allowing a small portion to be imported the demand for the jeans would rise even though the supply would not follow that. When there is a small limit on something that consumers want, the price usually goes up because they know they will sell the items regardless and in this case that may happen. The price of jeans will rise, the demand will rise, but the supply will not.