In a fraction reserve banking system , a bank keeps only a fraction of its deposits in reserve. Thus, the correct answer is C.
What is banking system?A banking system is a collection or network of organizations that offers us financial services. These organizations are in charge of running the financial system, making loans, accepting deposits, and assisting with investments.
In a banking system, fractional reserve banking, banks only keep a portion of the money that clients deposit with them in reserves. As a result, they can effectively crate new money by using the remaining funds to make loans.
Benefits of fractional-reserve banking include the possibility for banks to earn more money for their reserves and a more availability of credit.
Therefore, option C keeps only a fraction of deposits in reserve is appropriate answer.
Learn more about banking system, here:
https://brainly.com/question/12417681
#SPJ1
Which form of marketing involves engaging directly with carefully targeted individual consumers and customer communities to both obtain an immediate response and build lasting customer relationships?.
Direct and digital marketing involves engaging directly with carefully targeted individual consumers and customer communities to both obtain an immediate response and build lasting customer relationships.
Digital marketing is the component of marketing that uses the Internet and online-based digital technologies such as desktop computers, mobile phones and other digital media and platforms to promote products and services.
Digital marketing can be broadly divided into eight main categories including search engine optimization, cost per click, social media marketing, content marketing, email marketing, mobile marketing, marketing analytics and affiliate marketing.
Modern marketing is a comprehensive, agile, data-driven methodology that connects brands with their ideal customers and drives targeted business outcomes. As a modern marketer, you need a deep understanding of your customers to achieve this level of personalization
Learn more about Digital marketing https://brainly.com/question/8367090
#SPJ4
A company had the following cash flows for the year: (a) Purchased land, $60,000 (b) Borrowed from a local bank, $100,000 (c) Paid employee salaries, $50,000 (d) Issued common stock, $75,000 (e) Paid dividends, $20,000 (f) Sold equipment, $130,000 (g) Sold services to customers, $120,000 What amount would be reported for net investing cash flows in the statement of cash flows
Answer:
$70,000
Explanation:
Calculation to determine What amount would be reported for net investing cash flows in the statement of cash flows
Using this formula
Net investing cash flows=(f) Equipment sold- (a) Purchased land
Let plug in the formula
Net investing cash flows=$130,000-$60,000
Net investing cash flows=$70,000
Therefore The amount thatwould be reported for net investing cash flows in the statement of cash flows is $70,000
Which of the following is an example of scarcity rather than shortage?a. Extremely hot temperatures lead to increased air-conditioner use and power outages.b. There aren't enough software engineers to fill all the job openings in Silicon Valley.c. Newly discovered Van Gogh paintings are up for auction and sell for millions.d. During the holiday season, an outfitter runs out of skis.
the following is an example of scarcity rather than shortage c) Newly discovered Van Gogh paintings are put up for auction and sell for millions.
If the conditions of scarcity didn't exist and "infinite amounts of every good could be manufactured or human desires entirely satisfied," there wouldn't be any economic goods, or those that are relatively uncommon. Scarcity is the result of a limited supply of an item or service that may be in high demand on the market or among consumers. Another facet of scarcity is one person's inability to buy products. The term "scarcity" in economics "refers to the fundamental reality that there are only finite amounts of both human and nonhuman resources, and that even the finest technological knowledge can only be used to generate finite maximum amounts of each economic product."
Learn more about here Scarcity:
https://brainly.com/question/13186252
#SPJ4
true or false: preference decisions are made to prioritize and select from capital budgeting alternatives.
Preference decisions are made to prioritize and select from capital budgeting alternatives is TRUE.
Capital Budgeting Decision happens when a company is contemplating a significant investment to support its own growth. There are 2 kinds of capital budgeting decisions:
Screening decisionsPreferences decisionsScreening capital budget decision happens when a company determine if a proposed investment meets certain requirements. Those requirements taken into consideration could be related to the investment's payback period, cost-benefit analysis, internal rate of return, and accounting rate of return. When a proposed investment is failed to meet the certain requirement, a company could directly decide to reject the investment. Screening decision is taked to see if the proposed investment is worth the company's time and money.
After the proposed investment passed the screening decisions and is shown to be advantageous, a company might do preferrence capital budgeting decision. Preference decisions allows a company to compare several alternative proposed investments that already met their screening criteria and ranks them in order of desirability. The company may choose the investment which best meets company goals.
Learn more about Preference Decisions here: https://brainly.com/question/28304454
#SPJ4
Which of the following tasks would be completed by a radio announcer
Answer:
Research questions for interviewing guests.
Explanation:
A Radio Announcer has several responsibilities among which could be research questions for interviewing guests, and be the voice of the show, he would have to do troubleshooting, nor train customers, he shouldn´t need to install telecommunication equipment, so the only responsibility that the radio announcer would have from the options would be D) Research questions for interviewing guests.
Word of mouth promotion is also known as what?
Answer:
Word-of-mouth advertising (WOM advertising), also called word of mouth marketing, is the process of actively influencing and encouraging organic word of mouth discussion about a brand, organization, resource, or event.
Explanation:
hope this helps, pls mark brainliest :D
Word-of-mouth advertising is another name for viral marketing.
What is Word-of-mouth promotion?The technique of deliberately influencing and supporting organic word-of-mouth talk about a brand, organization, resource, or event is known as word-of-mouth advertising (WOM advertising), sometimes known as word-of-mouth marketing.
A corporation can reach new audiences and establish a solid brand reputation by using word-of-mouth marketing. Businesses can enhance profitability, draw in new clients, and strengthen their bonds with current consumers by utilizing this distinctive and natural kind of marketing.
The type of rewards utilized has a significant impact on the effectiveness of word-of-mouth marketing. The employment of incorrect incentives to encourage customers or representatives to spread good word of mouth about goods or brands can have negative effects on a business, according to research.
Learn more about Word-of-mouth marketing, from:
brainly.com/question/15472521
#SPJ6
What was in the sealed box from the Virginia Company in England that the settlers
A opened once they arrived?
B guns and weapons for protection from Indians
C gold
D the names of the seven men who would be the leaders
E a map that showed where the gold was
Answer:
B
Explanation:
Answer:
The Virginia Company sent a list of seven qualified men who could serve on a council and be the leaders. The company leaders did this because they knew the men would have a hard time agreeing on who should be the leaders.
Explanation:
When periodic claim payments are required under a long-term disability income policy, an insurer must make payments to an insured at least once every:________
When periodic claim payments are required under a long-term disability income policy, an insurer must make payments to an insured at least once every specified period, as determined by the terms of the policy.
The specific frequency of payments can vary depending on the policy, but common intervals include monthly, quarterly, or annually. It is important to review the terms and conditions of the specific policy to determine the frequency of payments. Under a long-term disability income policy, periodic claim payments are necessary. The insurer is obligated to make payments to the insured at least once within a specified period, as outlined by the policy's terms. The frequency of these payments can differ depending on the specific policy but typically occurs on a monthly, quarterly, or annual basis. It is crucial to carefully review the terms and conditions of the policy to ascertain the exact intervals at which the payments will be made. This ensures that the insured is aware of the expected timing and can effectively plan their finances accordingly.
To know more about periodic claim payments, visit:
https://brainly.com/question/27962009
#SPJ11
Which of the following financial institutions does not take customer
deposits?
A. Investment bank
B. Credit union
C. Commercial bank
D. Savings bank
Option (A) Investment bank is correct.
Investment bank does not take customer deposits.
What meant by Investment bank?Investment banks are financial institutions that sell their services and act as a middleman in complex transactions like mergers or a startup's initial public offering (IPO). They are also capable of acting as brokers or financial advisers for significant institutional clients like pension funds.
Investment banks do not accept deposits; rather, they help individuals, groups, and governments raise money by issuing securities. Investment companies, often known as mutual fund companies, pool money from institutional and ordinary investors to offer them access to a greater variety of assets. While some financial institutions take deposits, others only offer particular banking services. These non-depository financial institutions include brokerage houses, finance companies, insurance companies, and pension funds. They provide services to both people and companies.
Learn more about Investment bank here
https://brainly.com/question/15390021
#SPJ13
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Give 3 slogans or “catchphrases” from current businesses employ, whose message communicates positive customer service. For example, United Airlines’ slogan is “Fly the Friendly Sky”
Answer:
L'Oreal – “Because you're worth it”
KFC – “It's finger lickin' good”
Coca-Cola – “Open Happiness”
Explanation:
if a sale closing in escrow cannot be consummated because the seller's title cannot be cleared, the escrow agent a) the escrow agent does none of these. b) postpones the closing until title is cleared. c) credits the buyer for the amount necessary to clear the title. d) reinstates parties back to their former status as if no sale had occurred
Option d) is the correct option. The escrow agent reinstates parties back to their former status as if no sale had occurred.
All paperwork is sent back to the seller, and the buyer receives all earnest money and/or purchase money.
Escrow takes place between the moment a seller accepts a purchase offer and the moment the buyer takes possession of the property. The creation of an account in which deposits and other payments can be held constitutes the first step in the escrow procedure.
The buyer is required to wait for bank clearance, obtain financing, complete inspections, buy hazard insurance, perform walk-throughs, and proceed with closing. If the terms are not met or there is an issue with the property, the buyer may terminate the contract.
To learn more about Escrow agent visit:
https://brainly.com/question/17243418
#SPJ4
pLsSsSsSsSsSsSsSsSsSsSsSsSsSsSsSsSsSsSsSsSsS
anyone in a company who influences the behavior of other employees is acting as a ___.
A. executive
B. supervisor
C. leader
D. manager
Answer:
C
Explanation
The strategies managers employ in the workplace often dictate employee ... other hand, leaders who lack managerial skills, are a detriment to employees
Anyone who directs the actions of other workers in a corporation is functioning in a leader capacity. Hence, Option C is correct.
What is a leader?A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.
A leader is someone who enlivens and motivates their people. Anyone who has a vision and knows how to get there is a leader. A leader makes sure their group gets the resources and support they need to succeed.
Optimistic leaders inspire. While taking the effort to advise and train staff whenever there are performance gaps, they take the time to recognise employees for a job well done.
Good leaders encourage their people to be their very best in both good and difficult situations, bringing out the best in each individual.
Therefore, Option C is correct.
Learn more about leader from here:
https://brainly.com/question/15868646
#SPJ2
Match the following food acquisition behaviors to the hominin tool type or technology most likely used to carry it out.
Chipped Stone Tool Flakes: cutting meat or other foods
Cobbles or Choppers: smashing bone to access marrow
South African Bone Tools: digging into termite mounds or digging for roots
Hominins are the extinct human species and their ancestors who have been on earth for millions of years.
As their survival depended on the ability to obtain food, they developed various tools and technologies to acquire it. These food acquisition behaviors are matched with the hominin tool type or technology most likely used to carry them out.
Chipped Stone Tool Flakes were used for cutting meat or other foods. They were sharp-edged and had a variety of shapes and sizes.
They were made by chipping off flakes from a stone, leaving a sharp edge that could be used to cut meat or other foods. These tools were used by early hominins, such as Australopithecus, who lived about 4 million years ago.
Cobbles or Choppers were used for smashing bone to access marrow. They were large, heavy stones that were used to break open bones to get at the nutritious marrow inside.
These tools were used by Homo erectus, who lived about 1.8 million years ago.
South African Bone Tools were used for digging into termite mounds or digging for roots.
They were made from animal bones, such as antelope or baboon bones, and were used to dig into termite mounds or to dig for roots. These tools were used by early Homo sapiens, who lived about 100,000 years ago.
In conclusion, these tools and technologies were essential for the survival of hominins as they helped them acquire food efficiently.
These food acquisition behaviors and tools are an important part of our human evolutionary history, and understanding them helps us to better appreciate the ingenuity and resourcefulness of our ancestors.
To know more about Hominins here
https://brainly.com/question/31237093
#SPJ11
WILL MARK BEST ANSWER BRAINLIEST
Write a professional email using the following scenario:
The manager is going to a conference in another city. She would like her assistant to book the flight and hotel.
A professional email based on the given scenario would sound like the following:
To: Assistant
From: Manager
Subject: Flight and Hotel Booking for Chicago
Date: January 28, 2022
Hi,
Please book my flight and hotel reservations for the upcoming conference in Chicago from February 7, 8:00 am to February 11, 2022 (5:00 pm).
Do not forget the company's favorite airline and hotel for the bookings.
Regards,
Tony
Thus, while the email sounds professional, it may be more conversational than formal since it is a workplace request.
Learn more about writing workplace emails to subordinates at https://brainly.com/question/14236855
what discount rate is used in the net present value of the refunding decision
The discount rate used in the net present value (NPV) of the refunding decision is typically the after-tax cost of new debt. This reflects the cost of the new debt considering any tax advantages or deductions associated with it.
In the net present value (NPV) analysis of the refunding decision, the discount rate used is typically the after-tax cost of new debt. This is because the refunding decision involves replacing existing debt with new debt, and the after-tax cost of the new debt reflects the actual cost to the company after taking into account any tax benefits or deductions associated with it.By using the after-tax cost of new debt as the discount rate, the NPV calculation takes into consideration the cash flows associated with the refunding decision, including the potential interest savings from the new debt and any associated tax implications. The after-tax cost of new debt captures the net impact of the refunding decision on the company's cash flows, making it an appropriate discount rate to evaluate the profitability and viability of the refunding option.On the other hand, the before-tax cost of the new debt is not used as the discount rate in the NPV analysis of the refunding decision because it does not account for the tax implications. The weighted average cost of capital (WACC) represents the average cost of all capital sources (debt and equity) used by a company and is not specific to the new debt being issued for refunding. Similarly, the after-tax cost of total firm capital also considers the overall cost of all capital sources and is not specific to the new debt.Therefore, the after-tax cost of new debt is the most appropriate discount rate to use in the NPV analysis of the refunding decision as it considers the specific cash flows and tax implications associated with the new debt.
The complete question should be:
What discount rate is used in the net present value of the refunding decision? (Points : 5) Â Â Â Â Â Â The before tax cost of the new debt
      The after-tax cost of new debt
      The weighted average cost of capital
      The after-tax cost of total firm capital
To learn more aboutnet present value (NPV), Visit:
https://brainly.com/question/18848923
#SPJ11
A pound of raisins costs $2. 00, and a pound of almonds costs $5. 0. Six pounds of a trail mix contains 2 more pounds of raisins than almonds. What is the cost of the 6 pounds of trail mix? $7. 00 $18. 00 $24. 00 $42. 0.
Based on the information given the cost of the 6 pounds of trail mix is $18.00.
Pounds of almonds=x
Pounds of raisins=(x + 2)
Hence,
Pounds of raisins=2+2
Pounds of raisins=$4
Since pound raisins is $2.00 and a pound of almonds is $5.00, cost of 6 pounds of trail mix will be calculated as:
Cost of trail mix= ($4 × 2) + (2 × $5)
Cost of trail mix= ($8 + $10)
Cost of trail mix= $18.00
Inconclusion the cost of the 6 pounds of trail mix is $18.00.
Learn more here:https://brainly.in/question/21978709
https://brainly.com/question/17311573
what is the term for the profits that are distributed to all owners of a corporation?
The term for the profits that are distributed to all owners of a corporation is dividends.
What is the reason?Dividends are a form of payment made by a corporation to its shareholders, typically in the form of cash or additional shares of stock.
Dividends are usually distributed on a regular basis, such as quarterly or annually, and are based on the company's financial performance.
They are a way for companies to share their profits with their owners and provide them with a return on their investment.
Dividends can be a significant source of income for many investors and are an important consideration when investing in stocks.
To know more on dividends visit:
https://brainly.com/question/28392301
#SPJ11
A major grocery store chain is trying to cut down on waste. Currently, they get peaches from two different distributors, wholefruits and greengrocer. Out of a two large shipments, the manager randomly selects items from both suppliers and counts the number of items that are not sell-able due to bruising, disease or other problems. She then makes a confidence interval. Is there a significant difference in the quality of the peaches between the two distributors? 95% ci for pw-pg:(-0. 156, 0. 064).
A significant difference in the quality of the peaches between the two distributors is option D. Option D says that We are 95% confident that the proportion of non-sell-able items for Whole Fruits is anywhere between 0.064 and 0.156 HIGHER than the proportion of non-sell-able items for Greengrocer.
Grocery stores generally can be defined as focus on beverages, food and some household goods. They are typically local chains or also single-location stores and may be family-owned . In other words, "grocery store" or known as supermarket. They offer the ingredients of provide jobs, foster a sense of community and home cooked meals. By comparing a set of inherent characteristics with a set of requirements we are generally can determine the quality of something.
Here you can learn more about grocery store in the link https://brainly.com/question/29352339
#SPJ4
Which of the following might experience a factor of failure related to expansion?
A. A hair salon that hires new employees immediately after it opens
B. A restaurant that doesn't have a website
C. A shoe store located near another popular shoe store
D. A grocery store with employees who miss company meetings
Answer:
a
Explanation:
cggm nauseousness hfff fallen
According to taylor's principles, which of these might help to improve workers' productivity?
According to Taylors principles the option that wouldn't help to improve the productivity of workers would be to carefully select workers according to their abilities and give workers training.
What does it mean to give workers training?This has to do with all of the activities that the business would have to carry out by carefully choosing to ensure that the workers are well trained in all of the departments that they are to work. The business would do this by organizing trainings and other forms of seminars foir the the workers.
What it means to work according to ability?This means getting people to work in the areas that they are known to be best suited. Based on the ways that they have shown their skills and their experiences, they can be selected to work in the departments.
Hence we can say that According to Taylors principles the option that wouldn help to improve the productivity of workers would be to carefully select workers according to their abilities and give workers training.
Read more on workers productivity here:
https://brainly.com/question/26722911
#SPJ1
which of these do you do first. when planning your career? a. make a list of you job preferences and skills. b. apply for as many jobs as you can. c. have a mock interview with a family member or friend. d. sign for an internship
Answer:
a. make a list of you job preferences and skills.
The PIO’s primary responsibility to organizational leadership as an advisor is to: A. Be an intermediary between leadership and the news media B. Assess situations for public information implications C. Develop relationships with other organizations’ PIOs D. Set up interviews and write talking points
Answer:
Correct answer:
D. Set up interviews and write talking points
Explanation:
The PIO's primary responsibility to organizational leadership as an advisor is to assist agency leadership to ensure that the mission and goals of the agency are achieved. This could be achieved through series of actions like setting up of interviews, or jotting down important points.
Considering the available options, the PIO’s primary responsibility to organizational leadership as an advisor is to " Be an intermediary between leadership and the news media."
Who is a PIO?PIO is the acronym for Public Information Officer. The role of a PIO is to ensure there is clear communication between the government or leaders and the citizens or followers.
Given that PIO serves as an intermediary between the government and the people in terms of communication, it is concluded that they serve as an intermediary between leadership and the news media.
Hence, in this case, it is concluded that the correct answer is option A.
Learn more about PIO here: https://brainly.com/question/881756
Most advertising spending is directed to _____.
Answer:
the internet
Explanation:
what is the top 5 Coronavirus negative impacts on businesses
Employees who perform functions that advise and assist line personnel are known as?
Employees who perform functions that advise and assist line personnel are known as: middle managers.
What is the line manager?
Line managers are having the responsibility for directly managing every employees or teams. In return, they are managed by a higher-level manager on the performance of these employees or teams.
Line personnel have it's formal authority to make policies and take decisions. Staff personnel have the authority to advise the line personnel and make suggestions, but they can not make policy and changes in themselves.
What is the role of a middle manager?A middle manager is someone who is in a role of leadership position and also reports to it's top management. They operate their team's career progression, communicate decisions from upper management to lower , and adjust workflows, processes, and priorities to align with overall business objectives.
Learn more about middle manager :
brainly.com/question/13560471
#SPJ4
Sbj’s chris smith writes about institutional multiteam ownership as a closely watched trend in sports finance. Which major sports league is the last holdout for allowing this approach?.
Finance: CAZ Investments jumps into growing field of institutional ownership, and eyes last holdout league
One of the trends in the market that has received the most attention recently is institutional multiteam ownership. The top leagues in the country have long outlawed the practice, but barriers are starting to break down as a result of the pressing need for cash and soaring franchise prices that have priced out many potential purchasers.
Numerous early participants are testing the waters even though the market is still in its infancy. The Atlanta Hawks, Phoenix Suns, and Sacramento Kings are among the NBA teams in which Dial Capital's Home Court Partners has acquired small percentage stakes after becoming the first fund to get authorization to do so in 2019. Sacramento Kings and Suns. Over $1 billion is being raised by Dynasty, the pro team investment company founded by Jonathan Nelson of Providence Equity Partners and Don Cornwell of PJT Partners. Arctos Sports Partners is currently without a doubt the market leader. The company, led by managing partners Ian Charles and Doc O'Connor, has acquired stakes in more than a dozen teams in the NBA, NHL, MLS, and European soccer; its investments in MLB alone include the Boston Red Sox through a partnership with Fenway Sports Group, the Chicago Cubs, Houston Astros, Los Angeles Dodgers, and San Diego Padres. It announced $3.94 billion in assets under management earlier this year and is currently soliciting money for a second fund with a target size of $1 billion.
In collaboration with Bonaccord Capital Partners, CAZ Investments announces the successful closing of a $485 million private equity ownership fund.
The fund made it possible for the CAZ network of investors to purchase minority holdings in some of the best middle-market private investment managers.
To learn more about 'Holdout' refer to
https://brainly.com/question/28991356
#SPJ4
absolute: make the most (if using similar resources). comparative outputs: lowest opportunity costs comparative inputs: least resources or effort needed to make one unit
Yes, that's correct. It refers to the maximum production with comparable resources, in other words.
Absolute advantage in economics is the capacity of a person, business, or nation to create a certain item or service more effectively than rivals while using the same quantity of resources.
Contrarily, "comparative advantage" refers to the capacity of a person, business, or nation to create a certain commodity or service at a lower opportunity cost than rivals. The lowest potential cost of creating an item or service is what is meant, in other words.
Last but not least, "comparative inputs" refers to the least quantity of materials or labor required in comparison to others to create one unit of an item or service. This idea and the notion of "returns to scale," refers to the relationship between the increase in inputs and the increase in outputs.
To Learn More About economics click
https://brainly.com/question/14787713
#SPJ4
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
Read more about net income here:
https://brainly.com/question/28390284
#SPJ1
the direct materials budget details the quantity of direct materials to be purchased. the cost of direct materials to be purchased.
The direct materials budget involves determining the quantity of direct materials needed for production and calculating the cost of those materials. It plays a crucial role in effective budgeting and resource management for a company.
The direct materials budget is an essential part of the overall budgeting process for a company. It specifically focuses on the quantity and cost of direct materials that need to be purchased.
1. Quantity of Direct Materials: The first aspect of the direct materials budget is determining the quantity of direct materials that will be needed for production during a given period. This involves estimating the amount of raw materials required based on the production schedule and the materials needed to complete each unit.
For example, if a company plans to produce 1,000 units of a product and each unit requires 2 kilograms of a specific raw material, then the quantity of direct materials to be purchased would be 2,000 kilograms.
2. Cost of Direct Materials: The second aspect of the direct materials budget is calculating the cost of the direct materials to be purchased. This involves determining the unit cost of each material and multiplying it by the estimated quantity needed.
Continuing with the previous example, if the cost of the specific raw material is $5 per kilogram, then the cost of the direct materials to be purchased would be $5 multiplied by 2,000 kilograms, resulting in a total cost of $10,000.
The direct materials budget helps in planning and controlling the procurement of materials, ensuring that the right quantity is purchased at the right time. It also aids in determining the total cost of materials, which is an essential component of the overall budgeting process.
In summary, the direct materials budget involves determining the quantity of direct materials needed for production and calculating the cost of those materials. It plays a crucial role in effective budgeting and resource management for a company.
To know more about materials visit-
https://brainly.com/question/30503992
#SPJ11