Answer:
Flexible budget and master budget are very different.
Explanation:
The "master budget" is the sum of all the budgets that are prepared by a company's various departments. They include financial statements that are budgeted, a financing plan and a cash forecast. They are based on one specific level of production.
A "flexible budget" is a budget that changes or adjusts when the level of activity changes. They are dynamic in nature and can be operated on many levels of output. It is realistic and not based on assumption.
Answer:
The correct answer is (D)
Explanation:
Petra programming and wonder web both are operating on a 90 present curve level and that is the maximum they can achieve with the given resources. To compete and take cost leadership positions they must improve the resources. Likewise, the best way is to improve existing technology. New technology will help them achieve cost leadership position and move further on the learning curve.
Answer:
Option (d) is correct.
Explanation:
Given that,
Sales = $1,340,000
Gross margin = $460,000
Net operating income = $54,846
Net income before taxes = $41,846
Net income = $27,200
Gross margin percentage is calculated by dividing the gross margin with sales.
Gross margin percentage:
= (Gross margin ÷ Sales
) × 100
= (460,000 ÷ 13,40,000) × 100
= 34.3 % (Approx)
