The amount of goods to be acquired from suppliers during the period is shown on the merchandise or purchase budget.
What is the purchases budget?
The purchases budget shows the quantity and amount of goods that a merchandiser needs to order from suppliers for the budget period.
Preparing the purchases budget helps to estimate demand and order points.
A company also uses the purchases budget to prepare for increases or changes in product lines or the launching of new products.
Thus, the amount of goods to be acquired from suppliers during the period is shown on the merchandise or purchase budget.
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