All categories

1 year ago

The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is?

Business

1 answer:

Anna007 [38]1 year ago

5 0

The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is $5,000 favorable.

The variance is a measure of variability. it's far calculated by taking the average of squared deviations from the mean. Variance tells you the diploma of unfold in your information set. The more unfold the data, the larger the variance is in relation to the mean.

In opportunity idea and information, variance is the expectation of the squared deviation of a random variable from its populace imply or sample suggest. Variance is a measure of dispersion, that means it's far a degree of the way a long way a fixed of numbers is spread out from their average price.

Not like variety and interquartile range, variance is a measure of dispersion that takes into consideration the unfold of all information points in a data set. It is the degree of dispersion the most often used, in conjunction with the standard deviation, that is truly the rectangular root of the variance.

Learn more about variance here brainly.com/question/15858152

#SPJ4

You might be interested in

Hugh tried to convince irene about how good a new business proposal was, but irene presented some good counter arguments and sta

vfiekz [6]

By questioning the proposal done by Hugh, Irene showed the characteristic of being able to scrutinize properly certain things. This attitude is helpful especially when we are in doubt of the certain subject. By doing so, we can help those who proposed it to further do improvements on the certain subject.

3 0

2 years ago

Apr. 2 Purchased merchandise from Lyon Company under the following terms: $4,600 price, invoice dated April 2, credit terms of 2

ehidna [41]

Answer:

April 2

Inventory 4,600 debit

Account Payable 4,600 credit

April 3

freight-in 300 debit

cash 300 credit

April 4

account payable 600debit

Inventory 600credit

April 17

Account Payable 4,000debit (4,600 - 600)

Discount 80debit (4000 * 2%)

Cash 3,820credit

April 18

Inventory 8,500 debit

Account Payable 8,500 credit

April 21

Account Payable 1,100debit

Allowance Inventory 1,100

April 28

Account Payable 7400debit (8,500 - 1,100)

Discount 148debit (7400 * 2%)

Cash 7252credit

5 0

3 years ago

Suppose the Imperial Galactic Bank has received $1,000 of deposits and all banks face a required reserve ratio of 10 percent. Wh

Bumek [7]

Answer:

Money Multiplier= 1/ reserve ratio = 1/10% = 10

Change in Money Supply = Change in Reserves * Money Multiplier

= 1,000 * 10 = 10,000

So, option d is the correct option.

4 0

3 years ago

What type of planning is conducted by the organization to prepare for, react to, and recover from events that threaten the secur

sattari [20]

Answer:

Contingency plan.

Explanation:

Contingency plan is a plan conducted by an organization to prepare for , react to and recover from events that threaten the security of information and information assets in the organization , and the subsequent restoration to normal modes of business operations.

It prepares the organization for any potential risk , as response to such risk will be fats and timely , and consequently , loss are minimized.

4 0

2 years ago

Which component of the amps model most appropriately addresses the axiom, "your data won’t speak unless you ask it the right dat

8090 [49]

Ask me a question component of the amps model most appropriately addresses the axiom, "your data won’t speak unless you ask it the right data analytics questions.

All optimization problems consist of three components: objective function, decision variables, and constraints. When we talk about formulating an optimization problem, we mean transforming the "real world" problem into the formulas and variables that make up these three components.

The prescriptive of the amps model analysis is action. This type of analysis tells the team what to do based on the predictions made. Being the most complex type, less than 3% of businesses use him.

Learn more about the amps model at

brainly.com/question/8586813

#SPJ4

6 0

1 year ago