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tiny-mole [99]
1 year ago
12

Fill in the blank question. the difference between a revenue or cost item in the planning budget and the same item in the flexib

le budget at the actual level of activity is a(n) _____variance.
Business
1 answer:
Kaylis [27]1 year ago
6 0

The difference between a revenue or cost item in the planning budget and the same item in the flexible budget at the actual level of activity is a(n) activity variance.

A flexible budget is a budget or financial plan of estimated cost and revenue for different output levels. The variation happens due to the change in the volume or level of activity.

It sets the standard to measure the variances of the budget estimates and the actual performance of the company for control purposes. Further, it can be prepared either for the whole company or a specific department or unit.

In brief, a flexible budget is a budget that distinguishes the behavior of fixed and variable cost that changes. And changes that happen with the level of activity attained, or change in the revenue or other variable factors.

Learn more about flexible budget here

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What do you prefer Aldi or Lidl? and why?​
Jlenok [28]
Aldi!!! Personal preference due to the organization.
4 0
3 years ago
On July 16, 2017, Logan acquires land and a building for $500,000 to use in his sole proprietorship. Of the purchase price, $400
SashulF [63]

Answer:

A.Land $100,000

Building 400,000

B.Land $100,000

Building 395,292

Explanation:

a. Logan's adjusted basis at acquisition date will be the cost of the land and that of the building which is:

Land $100,000

Building 400,000

b. What will be Logan adjusted basis at the end of 2017 :

Land will be: $100,000

Building will be :395,292

($400,000 − $4,708)

Thus the Depreciation is a capital recovery.

4 0
3 years ago
The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: Inventory that had cost $15,000 w
finlep [7]

Answer: See explanation

Explanation:

a. Sales = $27000

Less: sales returned = -$660

Less: discount at 2% = ($27000 - $660) × 2% = -$526.8

Net sales = $25813.2

b. Net sales = $25813.2

Less: cost of goods sold = $15000 - $400 = -$14600

Gross profit = $11213.2

Operating expense:

Less: Selling and administrative expenses = -$2835

Operating income = $8378.2

Non-operating items:

Less: Interest expense = ($200

Add: Gain on land Sales = $900

Net Income= $9078.2

c. The interest expense be shown on the statement of cash flows in the operating expenses section. It'll be recorded in the operating activities.

d. The sale of the land would be under the investing activity as it's capital asset of the business. Therefore, the full sales price of the land, $9,250, would be shown as a cash inflow from investing activities on the statement of cash flows.

Option B is the correct answer.

4 0
3 years ago
Predeparture language and cultural training can:a. significantly increase the cost of an international assignment. b. increase t
ryzh [129]

Answer:C. reduce uncertainty about how to act in a foreign country.

Explanation: Predeparture language and culturaln training are some of the basic essential trainings conducted for expertraites who are going on overseas assignment.

THE PURPOSE OF THIS TRAININGS IS TO REDUCE THE UNCERTAINTY ABOUT HOW TO ACT IN A FOREIGN COUNTRY.

Predeparture language training is a set of training focused on the General languages Accepted in a given country where an expertraite is to be posted.

Cultural trainings are trainings that are directed at the local customs and traditions of the foreign country where an an expertraite is to be posted.

7 0
4 years ago
As discussed in the text, a main purpose of the _______ is to prevent unreliable oral evidence from interfering with a contractu
CaHeK987 [17]

As discussed in the text, a main purpose of the ease contractual negotiations is to prevent unreliable oral evidence from interfering with a contractual relationship.

<h3>What is contractual negotiations?</h3>

Contract negotiation is the process of achieving an agreement on a set of legally binding term. When two companies negotiate, they both seek to secure the best deal and minimize their financial, legal, and operational risks.

Negotiation is essential for advancing in the job, resolving disagreements, and adding value to contracts.

Thus, contractual negotiations is the prevention.

For more details about contractual negotiations, click here

brainly.com/question/14893228

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4 0
2 years ago
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