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Sonja [21]
2 years ago
8

What is a flexible budget and how does it differ from a static planning budget?

Business
1 answer:
weqwewe [10]2 years ago
3 0

A flexible budget is one that is allowed to adjust based on a change in the assumptions used to create the budget during management's planning process. A static budget, on the other hand, remains the same even if there are significant changes from the assumptions made during planning.

A flexible budget adjusts based on modifications in real revenue or other activities. The result is financed within reason closely aligned with real effects. This approach varies from the extra commonplace static price range, which incorporates nothing but constant rate quantities that don't vary with actual sales levels.

A static budget is a budget that makes use of anticipated amounts for a given period prior to the period beginning. The unique element of a static budget is that it does not change irrespective of deviations in sales and prices.

The process of a flexible budget lets you alter spending throughout the 12 months; advantages consist of much less overspending, more possibilities, and faster responses to changing market and business conditions.

Learn more about flexible budget here: brainly.com/question/25353134

#SPJ4

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If 16,000 units of materials enter production during the first year of operations, 12,000 of the units are finished, and 4,000 a
Serhud [2]

Answer:

True

Explanation:

Equivalent Unit Production is solved in two ways. Either by adding beginning inventory and units started or by adding finished goods and ending inventory.

If we add finished goods and ending inventory we  get

Finished Goods  units      12000

Ending Inventory  units    4000(75%)= 3000

Equivalent Units         15000

which is true .

7 0
3 years ago
What is the name given to a group of individuals working together to achieve shared job-related goals such as higher pay, shorte
Julli [10]

Answer:

Labor union

Explanation:

The labor union is the individual group that works together to accomplish the company goals or the shared job goals in terms of high pay, less working hours, high benefits, better working conditions

So the given situation represent the labor union

Hence, the same is to be considered and relevent too

5 0
3 years ago
In an efficient market:
dem82 [27]

Answer:

The answer is E.

Explanation:

Market efficiency is the degree to which market prices shows all available and relevant information at the same time. And market react react quickly to new information.

If markets are efficient, then all information is already incorporated into prices and possiblity of beating the market is eliminated. In this market, there are no undervalued or overvalued securities available. So an efficient market should also able to earn the appropriate risk-adjusted rate of return

6 0
4 years ago
People are unlikely to buy Big Macs in the places where they are relatively cheap (according to purchasing power parity) and sel
sveticcg [70]

Answer: In the long run, prices will be the same.

Explanation: Purchasing power parity (PPP) is a theory that means that in the long run, exchange rates between countries would be the same and similar goods will cost the same amount in both countries. Purchasing Power Parity shows that there should be no opportunities where the differences in price between different countries can lead to profit. The gross domestic product between countries is compared by using the purchasing power parity.

Purchasing power parity is based on the law of one price which means that the price of all identical goods should be the same. Hence, it us unlikely that people buy Big Macs in countries where they're cheaper and sell at countries where there price is higher.

Hope this helps.

7 0
4 years ago
) Saffron Foods sells jars of special spices used in Spanish cooking. The variable cost is $2 per unit. Fixed costs are $9,000,0
olga nikolaevna [1]

Answer:

C. $4.20

Explanation:

The computation is shown below:

Before that we need to do following calculations

Total costs to be incurred  is

= ($2 × 5,000,000 units) + $9,000,000

= $19,000,000

Now

Required return is

= $40,000,000 ×  5%

= $2,000,000

So,

Sales price per unit is

= (Total cost incurred + required return) ÷ number of unit sold

= ($19,000,000 + 2,000,000) ÷ 5,000,000 units  

= $4.20

6 0
3 years ago
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