Kwame Corporation purchased 4,000 shares of Gretchen Inc. common stock ($40 par) at $63 per share as a short-term investment. The shares were subsequently sold at $67 per share. Calculate the amount of the gain or loss on the sale

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.