All categories

3 years ago

In a flexible budget performance report _____.

Business

1 answer:

natulia [17]3 years ago

3 0

Answer:

b. the budget is adjusted to the actual activity for the period.

Explanation:

A flexible budget performance report is a comparison between actual costs and revenues, and the budgeted income and expenses at the end of a period, based on actual performance. The report shows the difference between the actual results and the estimated numbers. Management uses the report to determine if the company's results were in line with management expectations.

The performance report is prepared at the end of a financial period. It helps the management analyse any major variances between the actual performance at the estimated numbers at the beginning of a period. The report helps the management identify the companies strong areas, and the sections that need improvements.

You might be interested in

Caroline, the manager of a jewelry store, conducts statewide market research and collects data on customer preferences toward va

Brrunno [24]

Caroline will most likely be performing the prescriptive role of marketing research. Prescriptive analytics are known for processes data from their findings and using it to better suit the company in marketing tactics. Then they are able to present it to their team and in this situation, know which items are top sellers and which aren't. Caroline will use this data to determine what customers are attracted to, what they buy and how she can bring in more revenue to the jewelry store she manages.

7 0

2 years ago

On January 15, the end of the first pay period of the year, North Company’s employees earned $26,000 of sales salaries. Withhold

Contact [7]

Answer: Please see the explanation column

Explanation:

Journal entry to record North Company’s salaries expense and related liabilities.

Date Particulars Debit Credit

Jan, 15 Sales salaries expense $26,000

To FICA Social Security taxes

payable at 6.2% $1,612

To FICA Medicare taxes

payable at 1.45% $377

To federal income taxes payable $2,000

To employee medical insurance payable $429

To employee union dues payable $180

Sales Salaries Payable $21.402

Working :

FICA Social Security taxes = 6.2% x $26,000 = $1,612

FICA Medicare taxes = 1.45% x 26,000 = $377

Salary payable =Sales salaries expense -(FICA Social Security taxes payable + FICA Medicare taxes payable + federal income taxes payable+medical insurance payable +employee union dues payable ) = 26,000 - (1612+377+2000+429+180)=$21,402.

6 0

2 years ago

The inheritance pattern for red-green color blindness is different for males compared to females. Red-green color blindness is m

Komok [63]

Answer:

The gene that causes color blindness is linked to the X chromosome and it is much more frequent in males than females because females have two X chromosomes. So for a female to suffer from color blindness, both of her X chromosomes should carry the genetic disorder.

7 0

2 years ago

4. Steel-frame construction relies on the creation of _______ to sustain the weight of the building. A. a steel cage B. mass pro

Sloan [31]

Steel-frame construction relies on the creation of a sound foundation to sustain the weight of the building, because without that all our buildings we have now would suffer from erosion causing the building to shift or even collapse.;

3 0

2 years ago

Real GDP refers to _____. rev: 04_09_2018 Multiple Choice GDP data that embodies changes in the price level but not changes in p

pochemuha

Answer: GDP data that has been adjusted for changes in the price level

Explanation:

Real GDP refers to the Nominal GDP adjusted for inflation. Nominal GDP calculates the value of final goods and services in the Economy by using the price levels of that year so if inflation has occurred, comparing it to previous years would be inaccurate.

The Real GDP would use the price levels of a base year to calculate the GDP of the current year so that the effect of inflation may be negated and the real growth of the economy can be seen.

5 0

2 years ago