A plan that reports the units or costs of merchandise to be purchased by a merchandising company during the budget period is called a:
A) Selling expenses budget.
B) Merchandise purchases budget.
C) Sales budget.
D) Cash budget.
E) Capital expenditures budget.

Question

Quizplus · Accepted Answer

The plan that reports the units or costs of merchandise to be purchased by a merchandising company during the budget period is called the merchandise purchases budget. The other budget options listed are different types of budgets that report different aspects of a company's financial situation.

A Plan That Reports the Units or Costs of Merchandise