Why is the sales forecast the starting point in budgeting?
Question:
Why is the sales forecast the starting point in budgeting?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 30% (13 reviews)
The level of sales impacts virtually every other aspect ...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Question Posted:
Students also viewed these Managerial Accounting questions
-
Why is the sales forecast normally of critical importance to the preparation of pro forma financial statements?
-
Why is the sales forecast the key component of a financial model?
-
Why is the sales budget so important to the budgeting process?
-
What is the difference between average product and marginal product? Can you sketch a total product function such that the average and marginal product functions coincide with each other?
-
A researcher measures the height and income of participants and finds that taller men tend to earn greater incomes than do shorter men. What type of research method did the researcher use in this...
-
It is mentioned in the chapter that (1) auctions are appealing to sellers because they believe that auctions will allow them to sell items at relatively high prices and (2) auctions are appealing to...
-
Improved computer security measures create their own set of problems: user antagonism, sluggish response time, and hampered performance. Many professionals believe that the most effective way to...
-
Assessing General Obligation Debt Burden. This case focuses on the analysis of a citys general obligation debt burden. After examining the accompanying table that shows a citys general obligation...
-
You are a Financial Planner (FP) and received a survey comment that said "I haven't heard from her since I signed up 6 months ago." What do you take from this? Determine who the client is and look to...
-
I See The Light Projected Income Statement For the Period Ending December 31, 20x1 $ 1,125,000.00 25,000 lamps @ $45.00 @ $30.00 Sales Cost of Goods Sold 750.000.00 Gross Profit $ 375.000.00 Selling...
-
What is a master budget? Briefly describe its contents.
-
As a practical matter, planning and control mean exactly the same thing. Do you agree? Explain.
-
Allocating overhead based on the volume of output, such as direct labor hours or machine hours, seems fair and equitable. Why, then, do many people claim that high-volume products subsidize...
-
A quality engineer collected process data for five subgroups with each subgroup consisting of two samples (n=2). The median and ranges of samples in each subgroup are summarized in Table 6 below....
-
Consider the NFA specified by the following transition table with start state p and set of accepting states {s,t}. State/symbol 0 1 p {p,q} {p} 9 {r. s} {t} r {p,r} {t} * S * t {q, s} 0 0 {p} a. [3...
-
Sandhill Corporation has the following cost records for the year ended December 31, 2022: Indirect factory labour $5,120 Direct materials used 252,100 Work in process (1/1/2022) 31,300 Work in...
-
Koen is a 24-year-old man who has a history of mental health problems. He is in hospital. Family members who are also his designated carers visit him regularly. Koen wants to return home as soon as...
-
1. What is this persons diagnosis? 2. What assessment tool will be best? 3. What are some treatment recommendations? Theo is a 6-year-old African American male who is currently in first grade. He is...
-
A hot iron having specific heat \(0.5 \mathrm{~kJ} / \mathrm{kg} \mathrm{K}\), mass \(30 \mathrm{~kg}\) and temperature \(500^{\circ} \mathrm{C}\) is dropped into \(200 \mathrm{~kg}\) of oil of...
-
Show that gj concave AHUCQ Abadie For nonnegative variables, we have the following corollary.
-
Verify that the direction of the force in an MHD drive, such as that in Figure 22.31, does not depend on the sign of the charges carrying the current across the fluid. N e B S RHR-1 F = I(B B F +
-
The Akron plant of American Tire Company prepares an annual master budget each November for the following year. At the end of each year, it compares the actual costs incurred to the budgeted costs....
-
Popeil Products, a wholesaler of fishing equipment, budgeted the following sales for the indicated months: All merchandise is marked up to sell at its invoice cost plus 20%. Target merchandise...
-
All sales of Tracys Jeans and Uniforms (TJU) are made on credit. Sales are billed twice monthly, on the fifth of the month for the last half of the prior months sales and on the twentieth of the...
-
This example is part of "Hedged Portfolios" to minimize risk. Assume you have $7000 to invest; A stock is trading at $100.00. A call option that expires in one year with a strike price of $100.00 is...
-
The owner of a new store on Main Street wants to turn the boulevard outside into extra parking spaces because she is concerned about parking availability. She randomly selects 500 residents of the...
-
On a group basis, please research, analyze, and discuss the following: 1) What is the difference between proactive and reactive motivators that spur a company to go international? (2 Marks) 2) List...
Study smarter with the SolutionInn App