Why will there frequently be a difference between the budgeted cost of material in the material purchases budget and the budgeted cash disbursement for material in the cash budget?
Because firms do not necessarily pay for material in the same period in which they are purchased, the amounts in these two budgets will frequently differ. The material purchases budget is based on the cost of material purchased in a period while the cash budget only reflects expected actual payments for material in the period.
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How do response hierarchies suggest different customer responses to communications about new cars and rice?
What will be an ideal response?
The nature of B2B markets requires ________.
A. companies to focus primarily on selling products that end up as components for finished goods B. a more personal relationship between the buyer and seller than in B2C markets C. organizations to invest more on consumers than suppliers to maintain their business D. investment of more resources primarily on service sectors E. impersonal communication at regular intervals through mediums such as direct mail
A(n) ________ is an equitable doctrine whereby a court may award monetary damages to a plaintiff for providing work or services to a defendant even though no actual contract existed
A) bilateral contract B) unilateral contract C) implied-in-fact contract D) quasi contract
Which of the following bases for pricing is most commonly used by retailers?
A. Negotiated pricing B. Markup pricing C. Demand-based pricing D. Cost-plus pricing E. Differential pricing