Answer:
A flexible budget is a budget that adjusts or flexes with changes in volume or activity.
Explanation: For costs that vary with volume or activity, the flexible budget will flex because the budget will include a variable rate per unit of activity instead of one fixed total amount.
Answer:
Consider the following explanation
Explanation:
Please note that if cash requirements are combined, mean requirement of combined entity can be simply summed up, but same is not true for standard deviation as it is not additive.
So first we need to calculate the variance by taking square of SD, then we sum it for all the location to get variance of combined entity and then we take square root again to get the SD of combined entity.
Keep in mind that we can take a simple summation of variance due to the fact that requirement in different locations are independent of each other and their correlation coefficient is = 0.
Solution is given through following image sheet -
Project managers always make a plan before executing and completing tasks because the creation of budget and setting a schedule is important for the project.
<h3>What is a project?</h3>
It should be noted that a project is an activity that's engaged in to achieve a particular goal.
In this case, project managers always make a plan before executing and completing tasks because the creation of budget and setting a schedule is important for the project.
Learn more about projects on:
brainly.com/question/6500846
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Answer:
E) none of the above
Explanation:
It is an example of peak pricing.
Peak pricing is when consumers pay higher during periods of high demand.
It is reasonable to assume that demand for on campus parking would be higher from 8:00 AM to 5:00 PM, than between 5:00 PM to 10:00 PM. This explains why prices are higher between 8 am - 5pm
I hope my answer helps you.