Answer:
The correct answer is the option D: At any time in the planning period.
Explanation:
To begin with, in the field of accounting and bussines management the concept known as "flexible budget" refers specifically to the type of budget that a company uses whose primary characteristic is that it is adjustable to the situation and therefore that it goes changing all the time according with the changes that happen in the levels of volumen and or activities, including expenses and revenues as well. So that is why that a flexible budget may be prepared at any time in the planning period for the company because it adjusts to the context.
Answer:
$664,000
Explanation:
Kuck corporation has a product whose contribution margin ratio is 75%
= 75/100
= 0.75
The company has a fixed expense of $456,000
The company has a target profit of $42,000
Based on the values above, the dollar sales to attain the company's target profit can be calculated as follows
Dollar sales to reach target profit = (Target profit + fixed expenses) /Contribution margin ratio
= ($456,000+$42,000)/75/100
= $498,000/0.75
= $664,000
Hence the dollar sales to reach the required company's target profit is $664,000
Answer: The original seller, because her contract obligations as to title merged into the deed
Explanation:
A Marketable title simply means a title which is free from any sort of threat of litigation or reasonable doubt. In a situation whereby a clear title of deed cannot be produced to a property, in a specific performance action, the prospective buyer might be expected to lose.
Based on the scenario explained, the original seller, will likely to prevail on this count because her contract obligations as to title merged into the deed.
Angle Investors - They invest in a company in lieu of convertible debts and shares of the company
Asset Backed Lending - They lend only when they are assured of collateral
Friends and Family - They mostly gives interest free credits to startups
Smaller Banks - They readily give business loans to smaller business with comparative interest rates
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