Asked by devanshi mehrotra on Jun 25, 2024
Verified
A plan that reports the units or costs of merchandise to be purchased by a merchandising company during the budget period is called a:
A) Selling expenses budget.
B) Merchandise purchases budget.
C) Sales budget.
D) Cash budget.
E) Capital expenditures budget.
Merchandise Purchases Budget
An estimate detailing the amount of goods a company plans to purchase over a certain period to meet its sales and inventory needs.
Selling Expenses Budget
A financial plan estimating the costs associated with promoting, selling, and distributing a product or service for a future period.
Sales Budget
An estimate of the sales revenue a company aims to achieve in a certain period, often used for planning and performance evaluation purposes.
- Identify and describe different components of a merchandise purchases budget.
Verified Answer
Learning Objectives
- Identify and describe different components of a merchandise purchases budget.
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