What is the formula used to determine the amount of merchandise inventory to be purchased?
What will be an ideal response
Cost of goods sold + Desired ending merchandise inventory = Total merchandise inventory required
Total merchandise inventory required - Beginning merchandise inventory = Budgeted purchases
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Which of the following is one of the biggest factors of an environment's effect on structure that allows organizations to focus on efficiency?
A. Whether the outside environment is stable or dynamic B. Whether the external culture clashes with intrinsic values C. Whether the internal environment is stable or dynamic D. Whether the competitor's structure matches industry needs E. Whether the suppliers' cultures match the company's
Expenses can be matched against revenue
a. if the earnings process is not complete. b. when cash is collected from the sale of products. c. through allocation to the accounting periods in which the benefits are recognized. d. when payment is made for costs related to revenue.