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If the sales budget shows a sharp increases in a particular months than in order to meet sales forecast the production budget must call increased production in the month?
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∙ 12y ago
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∙ 12y ago
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The key to current asset planning is the ability of management to forecast sales accurately and then match production schedules with the sales forecast?
true
What is the difference between sales and production?
A forecast of Sales is calculating the amount of items you expect to sell over a certain period, whereas a Production forecast is calculating the amount of items you expect to produce over a certain period.
What is the difference between sales and production forecasts?
A forecast of Sales is calculating the amount of items you expect to sell over a certain period, whereas a Production forecast is calculating the amount of items you expect to produce over a certain period.
What is a plan for acquiring the resources needed to complete the manufacturing activities that will satisfy the organization's sales forecast a production budget?
production budget
How a company forecast demand for a new flavor of tea?
A company is selling a particular brand of tea and wishes to introduce a new flavor. How will the company forecast demand for it ?
What method is the forecast method that looks at the conditions that lead to particular weather events?
Analog
Why is it advisable to start with sales the production and capital expenditure forecast in the budgeting process?
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Why is sales forecast a key element in a capital budget decision?
Sales forcast determines that how much production is required and then to meet that production level how much new investment and machinery etc required.
Differentiate between a cash flow forecast and sales forecast.?
Sales forecast is simply a predication of the volume of units or financial sales expected (normally in a year) A manufacturing company will forecast both unit and financial expectant as they will use the information to establish increases/decreases in raw materials, labour and plan etc. Cash flow is looking at the money in and out of the business, where its from/ going to and financial risk of a minus financial event where out going exceeds incoming.
What is part of speech is forecast?
Forecast can be used as a verb or a noun.Verb: Meteorologists forecast the weather.Noun: Today's forecast looks gloomy.
Is the word forecast an adjective?
Forecast is a verb (forecasting) or noun (forecast).
What does a change in expectations of future conditions mean?
Producers must always plan ahead to forecast sales, production, financing, and marketing. Many producers try to predict economic conditions and consumer demand for two to five years in advance. As conditions change, they increase or decrease production accordingly, and this increases or decreases supply. Imagine the planning and forecasting that must take place before a new car rolls off the assembly line.
