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Answer Posted / md. zahidul islam
Economic Resource Planning. This is the concept of planning
Economic Resources to utilize all of the resources of the
organization to get best output. And also to increase the
productivity of the business.
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Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
