What is a merchandise purchases budget? How is the merchandise purchases budget prepared?
What will be an ideal response?
A merchandise purchases budget is used by merchandising companies to determine the number of units of merchandise inventory and the cost of merchandise inventory to be purchased. The amount to be purchased is equal to the budgeted ending inventory in units plus budgeted units to be sold less beginning inventory in units. The amount to be purchased is multiplied times the purchase price per unit to determine the dollar amount to be purchased.
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Ethical business leaders not only act ethically on a personal level, but also allocate corporate resources to support and promote ethical behavior in the workplace.
Answer the following statement true (T) or false (F)
________ offer consumers savings off the regular price of a product, with the reduced price marked by the producer directly on the label or package
A) Bonus packs B) Rebates C) Premiums D) Price-off packs E) Coupons
Hudson Manufacturing uses process costing. The following information was available for the current year: Number of units in beginning work-in-process inventory 5,000 (20% complete) Number of units started in the current period 60,000 Number of units in
ending work-in-process inventory 8,000 (60% complete) Required: A. If Hudson uses the first-in, first-out (FIFO) method, calculate total equivalent units for the year. B. If Hudson uses the weighted-average method, calculate total equivalent units for the year.
Employee engagement is:
A. A combination of competition and job satisfaction B. A combination of willingness to perform at a high level and job satisfaction C. A combination of willingness to perform at a high level and boldness D. A combination of competitiveness and boldness E. A combination of job satisfaction and boldness