(1) Forecasting (budgeting): It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors. Identifying three outside factors that must be considered when sales forecast are set.

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Answer 1

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Chapter 7, Problem 8BTN

To determine

(1)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

Identifying three outside factors that must be considered when sales forecast are set.

To determine

(2)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

To explain:

Factors which might explain any difference recognised in the value of the businesses visited.

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Answer 2

Question

Chapter 7, Problem 8BTN

To determine

(1)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

Identifying three outside factors that must be considered when sales forecast are set.

To determine

(2)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

To explain:

Factors which might explain any difference recognised in the value of the businesses visited.

Expert Solution & Answer

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Answer 3

Question

Chapter 7, Problem 8BTN

To determine

(1)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

Identifying three outside factors that must be considered when sales forecast are set.

To determine

(2)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

To explain:

Factors which might explain any difference recognised in the value of the businesses visited.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 7, Problem 8BTN

To determine

(1)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

Identifying three outside factors that must be considered when sales forecast are set.

To determine

(2)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

To explain:

Factors which might explain any difference recognised in the value of the businesses visited.

Expert Solution & Answer

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See solution

Answer 5

Chapter 7, Problem 8BTN

To determine

(1)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

Identifying three outside factors that must be considered when sales forecast are set.

To determine

(2)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

To explain:

Factors which might explain any difference recognised in the value of the businesses visited.

Answer 6

Chapter 7, Problem 8BTN

To determine

(1)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

Identifying three outside factors that must be considered when sales forecast are set.

Answer 7

Chapter 7, Problem 8BTN

To determine

(1)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

Identifying three outside factors that must be considered when sales forecast are set.

Answer 8

To determine

(2)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

To explain:

Factors which might explain any difference recognised in the value of the businesses visited.

Answer 9

To determine

(2)

Forecasting (budgeting):

It is a process through which purchases, sales, expenses and income are set. As a result, it is ensured no extra money is spent but in real, cash in excess of the forecasted amount is spent due to some of the uncontrollable factors.

To explain:

Factors which might explain any difference recognised in the value of the businesses visited.

Answer 10

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Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 7 - Prob. 1MCQ Ch. 7 - Prob. 2MCQ Ch. 7 - Prob. 3MCQ Ch. 7 - Prob. 4MCQ Ch. 7 - Prob. 5MCQ Ch. 7 - Prob. 1DQ Ch. 7 - Prob. 2DQ Ch. 7 - What is the benefit of continuous budgeting?Ch. 7 - Identify three usual time horizons for short-term...Ch. 7 - Why should each department participate in...

Solution Summary: The author explains that forecasting is a process through which purchases, sales, expenses, and income are set.

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