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Ilya [14]
2 years ago
7

Using multiple cost drivers on a flexible budget report will generally ______. Multiple choice question.

Business
1 answer:
lutik1710 [3]2 years ago
5 0

Using multiple cost drivers on a flexible budget report will generally make the budget accurate and effective.

<h3>What is flexible budget performance report?</h3>

A flexible budget performance report serves as one that make comparison between actual revenues and costs for a period.

There are some method used in estimating this report, but multiple cost drivers is an effective method to get an accurate report.

Learn more about flexible budget performance report at:

brainly.com/question/27201970

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The chart gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP
Mrac [35]

Answer:

Explanation:

The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2017 as the base year.

Year                 2016             2017  

                      Price      Quantity Price Quantity  

Ice Cream $7.00        600      $3.00 400

Blue Jeans $70.00          20       $20.00   90

Laptops       $300.00            5       $300.00     5

2016 nominal GDP = $_(7 x 600) + (70 x 20) + (300 x 5)_ =  $7,100

2017 nominal GDP = $_(3 x 400)+(20 x 90) + (300 x 5)_  = $4,500

2016 real GDP = $__(7100-4500)/ 4500)) / change in ice cream price of 50%+ change in blue jean price of (70-20/20) 250%_______

= 0.57/3 = 0.19% growth. Technically the economy was better in 2016 than in 2017.

2017 real GDP = will be same as nominal, hence no growth  since this is the base year

4 0
3 years ago
The opportunity cost of receiving a 93 on the economics exam is ______ points on the statistics exam.
rosijanka [135]

The opportunity cost of receiving a 93 on the economics exam is productive efficient points on the statistics exam.

Whst is opportunity cost?

The "opportunity cost" of choosing one course of action over another is the potential profit lost due to a missed opportunity. Add all of the potential costs together to get the opportunity cost.

The economics are the examine the productive efficient of the opportunity cost. The production of the goods are the lowest cost as possible unit cost.

As a result, the opportunity cost of the 93 are the reciving of the productive efficient.

Learn more about on opportunity cost, here:

brainly.com/question/13036997

#SPJ4

6 0
1 year ago
How would you define a business plan?
vekshin1
A business map is an essential roadmap for business success.
6 0
3 years ago
Allison has a horse stall cleaning business that has been growing rapidly since she started it three years ago. She estimates th
Reil [10]

Answer: 13.2%

Explanation:

Given data:

No of stores in the market = 5000

No. of store owners = 2000.

Allison charges = $8/month

Sam charges = $8/month.

Solution:

The market penetration rate would be calculated based on potential customers.

Using our general formula,

Market penetration=Numbers of customers who purchased Allison derived sales and Sam derived sales /Total potential population

Where,

Total potential population=1,500

•Allison derived sales = 129 customers

•Sam derived sales = 69 customers

•Numbers of customers who purchased Allison derived sales and Sam derived sales=129 customers+ 69 customers

•Numbers of customers who purchased Allison derived sales and Sam derived sales =198 customers

Let’s input this into our general formula.

Market penetration

= 169 customers/1,500

= 0.132*100

= 13.2%

The market penetration rate based on potential customers is 13.2%

8 0
2 years ago
The following information applies to the questions displayed below] A local Chevrolet dealership carries the following types of
myrzilka [38]

Answer:

Chevrolet Dealership

A) The total cost of the entire inventory is:

= $575,000

B) Each inventory would be reported at the LCNRV:

Inventory Items  Quantity  Reporting Cost/Value

Vans                        4              NRV

Trucks                     7              NRV

2-door sedans        3              Cost

4-door sedans        5              Cost

Sports cars              1              Cost

SUVs                       6              NRV

C) Journal Entry:

Debit Cost of goods sold $27,000

Credit Inventory $27,000

To write-down costs to net realizable values.

D) TRUE.

Explanation:

a) Data and Calculations:

Inventory Items  Quantity    Cost per unit      NRV per Unit      LCNRV

Vans                        4           27000 $108,000      25000        $100,000

Trucks                     7            18000   126,000       17000           119,000

2-door sedans        3           13000     39,000      15000            39,000

4-door sedans        5           17000     85,000     20000            85,000

Sports cars              1          37000      37,000     40000            37,000

SUVs                       6         30000    180,000     28000           168,000

Total Cost                                      $575,000                         $548,000

3 0
3 years ago
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