The sales forecast is the cornerstone for budgeting. Why?
Question:
The sales forecast is the cornerstone for budgeting. Why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
The sales forecast is typically t...View the full answer
Answered By
Aun Ali
I am an Associate Member of Cost and Management Accountants of Pakistan with vast experience in the field of accounting and finance, including more than 17 years of teaching experience at university level. I have been teaching at both undergraduate and post graduate levels. My area of specialization is cost and management accounting but I have taught various subjects related to accounting and finance.
5.00+
13+ Reviews
32+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Question Posted:
Students also viewed these Cost Accounting questions
-
Sales Forecast Why do you think most long-term financial planning begins with sales forecasts? Put differently, why are future sales, the key input?
-
Why is the sales budget considered the cornerstone of the organizations master budget?
-
Why is the sales budget considered the cornerstone of the master budget?
-
A closely wound solenoid of 2000 turns and area of cross-section 1.5 x 10 mcarries a current of 2.0 A. It suspended through its centre and perpendicular to its length, allowing it to turn in a...
-
A thin film of oil (n = 1.40) floats on water (n = 1.33). When sunlight is incident at right angles to this film, the only colors that are absent from the reflected light are blue (458 nm) and red...
-
Determine if the alternating series converges or diverges. Some of the series do not satisfy the conditions of the Alternating Series Test. (-1)+1 n=1 Vn+ 1 n+ 1
-
What should managers and companies do to minimize their use of bad data?
-
How should Easterbrook adapt the organizational structure of McDonald's to achieve his strategic plan?
-
FISH ANATOMY AND NECROPSY Draw the external and internal anatomy of your specimen and identify each part correctly. You may use extra sheet if necessary. -External Anatomy of Fish -Internal Anatomy...
-
Ohio Swiss Milk Products manufactures and distributes Ice cream in Ohio, Kentucky and West Virginia. The company wants to expand operations by locating another plant in northern Ohio. The size of the...
-
Outline the steps in preparing an operating budget.
-
How can sensitivity analysis be used to increases the benefits of budgeting?
-
You decide to cool a can of soda pop quickly in the freezer compartment of a refrigerator. When you take out the can, the soda pop is still liquid; but when you open the can, the soda pop immediately...
-
A firm that intends to hedge against commodity price risk has to decide whether to use a forward contract or an options contract to hedge the risk. What factors should the firm consider before...
-
Company X purchased $2 million face value of bonds issued by company Y on 2 January 2013 at purchase cost of $1.94 million. The bond had coupon of 5% payable annually, and matures on 31 December...
-
Go to the St. Louis Federal Reserve FRED database, and find data on real GDP (GDPC1) and a measure of the price level, the personal consumption expenditure price index (PCECTPI). Convert the price...
-
Complete a failure mode effect analysis for the nitric acid plant reactor section described in Example 9.2. (This is best carried out as a group activity with a group size of three to six). Data from...
-
Company B holds the following financial instruments. State and explain the IFRS 13 Levels 1 to 3 classification of each financial instrument. (a) Convertible bond issued by a private company. (b) A...
-
Plato PLC is a supplier to large construction companies. During 2017, Plato experienced an increase in net fixed assets of 1,500,000 and had depreciation of 1,000,000. It also experienced an increase...
-
Find i 0 (t) for t > 0 in the circuit in Fig. 16.72 . 2 + Vo 1 7.5e-2t u(t) V ( +) 4.5[1 u(t)]V 0.5v. 1H
-
A reaction has a rate constant of 0.000122/s at 27 C and 0.228/s at 77 C. a. Determine the activation barrier for the reaction. b. What is the value of the rate constant at 17 C?
-
What factors affecting ROI does the DuPont method highlight?
-
Thor-Equip AS specialises in the manufacture of medical equipment, a field that has become increasingly competitive. Approximately two years ago, Knut Solbær, president of Thor-Equip,...
-
Mikkeli Oy has three operating divisions. The managers of these divisions are evaluated on their divisional operating profit, a figure that includes an allocation of corporate overhead proportional...
-
(5) For each of the following sets with a binary operation, determine if it a group or not and explain why. If it is not a group, you should provide at least one of the properties which is not...
-
Solve 1. f(x) = ln(2x-1) 2. f(x)=(x-1) 5x3+x 3. f(x) = e+x = 3 4. f(x) = e 5. f(x)=(3x -2x+1) 6. f(x)=2x-2x+3 7. f(x)= 8. f(x) = 1 2x-1 1 (4x + x)
-
4. Assume that country A's saving level is fixed at SA = 10 and country B's saving level is fixed at SB 25. Except the saving level, these two countries share the same economic parameters. In every...
Study smarter with the SolutionInn App