Which of the Following Equations Can Be Used to Budget

question 62

Multiple Choice

Which of the following equations can be used to budget purchases?
(BI = beginning inventory,EI = ending inventory desired,CGS = budgeted cost of goods sold,P = budgeted purchases)

• A)P = CGS + BI - EI
• B)P = CGS + BI
• C)P = CGS + EI + BI
• D)P = CGS + EI - BI

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Definitions:

Buyer

An individual or entity that purchases goods or services for personal use or for the use of an organization.

Disagreement Signals

Indicators or cues, often nonverbal or verbal, that suggest a difference of opinion or conflict between individuals.

Planned Presentation

A carefully organized and prepared sales pitch intended to address the needs and concerns of a potential customer.

Buyer

An individual or entity that purchases goods or services for personal use, commercial use, or resale.