The flexible budget performance report directs managements attention to areas where corrective action can help control operations. Management uses the report to determine price and quantity variances.
For short term financial goals, it would be best to put the money in an investment that earns the highest interest while still remaining <em>liquid (</em>aka easy to withdraw your money when you want). In this case some good options would be a high-interest earning savings or money market account.
For short term goals you want to avoid investments that require you to tie your money up for long periods of time like bonds or certificates of deposit.
Answer:
the nominal annual interest rate on the payment plan is 15%
Explanation:
According to the question, a one-time payment for the speakers will cost $1,000
An installmental payment will have a $150 down payment and then another $100 fro ten subsequent months.
Calculating the total payment at tthe end of the payment plan will give
$150 + ($100 x 10months)
we have, $150 + $1,000 = $1,150.
This shows that at the end of the payment plan, the set of speakers would have cost $1,150 instead of $1,00 one-time payment.
Step 2:
To calculate the interest rate, we subtract the one-time price from the payment plan price and express it as a percentage of the one time price to get tthe interest rate.
$1,150-$1,000 = $150
then we have,
($150 ÷ $1,000) × 100%
= 0.15 × 100%
- 15%
The nominal annual interest rate is 15%.
Cheers.
Answer: engage in active listening so that he can understand employees' needs
Explanation:
From the question, we are informed that Heartland Health Systems has suffered from poor management for years and as a result, the employees are demoralized, and the workplace culture has become increasingly toxic.
The most likely thing for Bashir to do is to engage in active listening so that he can understand employees' needs. When this is done, he will be able to Kno what the workers want and then can improve their morales and together achieve the organizational goals.
Answer: Bad Debt expense= $34,500
Explanation:
Bad debt expense is the account receivables that a business records amount that would not be received due to lack of payment by its customers.
Using the percentage of receivables method,
Estimated uncollectibles = $14,900
unAdjusted balance in Allowance account = $ 19,600 debit
Bad Debt expense = Estimated uncollectibles +Unadjusted balance of a debit = $14,900 + $19,600= $34,500
This amount of $34,500 will now be recorded through an adjusting entry, The Bad Debt expense will be debited.