Which of the Following Describes the Inventory, Purchases, and Cost

question 96

Multiple Choice

Which of the following describes the inventory, purchases, and cost of goods sold budget?

• A) It aids in planning to ensure the company has adequate inventory on hand.
• B) It captures the variable and fixed expenses of the business.
• C) It depicts the breakdown of sales based on terms of collection.
• D) It helps in planning to ensure the business has adequate cash.

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Definitions:

Chromosomes

Coils of DNA that consist of genes.

Twenty-first Chromosome

A chromosome in humans that is implicated in diseases such as Down syndrome when an individual has an extra copy, also known as trisomy 21.

Human Genome

Complete sequence of genes in the human body.

Genes

Units of heredity made up of DNA, located on chromosomes, that carry the instructions for the development, functioning, growth, and reproduction of all known organisms.