All of the following budgets are prepared by merchandising companies except

A) sales.
B) operating expense.
C) direct materials.
D) cost of goods sold, inventory and purchases.

C

Business

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The Foreign Corrupt Practices Act (FCPA):

A. can fine individuals up to $2 million and five years in prison for violations of the law's bribery provisions. B. makes it a criminal rather than a civil offense to bribe an official of a foreign government. C. makes it legal for bribes paid by managers of one corporation to managers of another. D. contains an exception for facilitating payments intended only to restrict "routine governmental action."

Business

Who typically sets prices in large and small companies?

What will be an ideal response?

Business