Use the Information Below to Answer the Following Question(s)

question 173

Multiple Choice

Use the information below to answer the following question(s) .Boone Hobbies, a wholesaler, has a sales budget for next month of $600,000.Cost of units sold is expected to be 40 percent of sales.All units are paid for in the month following purchase.The beginning inventory of units is $20,000, and an ending amount of $24,000 is desired.Beginning accounts payable is $152,000.
-A rolling budget is a budget or plan that

• A)rolls several budgets together for forecasting purposes.
• B)has one budget category roll into the next category.
• C)rolls all budget categories together into a master budget.
• D)is always available for a specified future period by replacing time periods as the lapse.
• E)is not used to guide operations.

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Definitions:

Product Usefulness

The degree to which a consumer believes a product will be able to satisfy their needs, goals, and desires through its features and performance.

Consumer Spending

The total expenditure by households and individuals on goods and services within a specific time period.

Marginal Utility

The additional satisfaction or benefit (utility) gained from consuming one more unit of a good or service.

DVD Players

Electronic devices that play discs produced under both the DVD-Video and DVD-Audio technical standards, used for video and audio playback.