Answer:
Explanation:
Variance analysis studies the relationship between actual and budgeted cost for business activities. Variance analysis helps the management in two ways;
Favorable - if the actual cost incurred is less than the budgeted cost, the difference amount is a saving for the company.
Unfavorable - if the actual cost is more than the budgeted cost, the difference is an extra expenditure for the company.
Flexible budget;
- The flexible budget is prepared at different levels of volume that was initially projected by the master budget.
- It is highly styled and more useful than the master budget.
The report showing the Activity and Spending Variances for march is given in the file attached below, in other not to cause confusion. Thank you.
Big data helps companies treat customers as individuals, this is called marketing strategy, it a very powerful tool that shows the taste and need of possible customers and helps companies design specific campains in order to get directly on priorities of people, using big data tool you could offer to people just what they need.
Answer:
B) Increases profits by $700.
Explanation:
We must perform an incremental analysis of the costs and revenues generated by the alternative course of action which is offering the package:
Current income:
ballroom rent $4,500
<u>extras $800</u>
total current income = $5,300
Alternative action income:
wedding package $6,000
opportunity cost ballroom rent $4,500
<u>opportunity cost extras $800 </u>
net income increase = $700
Answer:
The correct answer to the following question will be "Consumption".
Explanation:
Investments, welfare spending, consumer spending are essential elements of GDP. That tells them what a nation is doing well. For every year, GDP is the world's total economic production.
Expenditure on resources consumption includes:
- Durable goods (Furniture, cars, etc).
- Non-durable goods (Oils. clothing, etc).
- Services (Education, health, etc).
Therefore, it's the right answer.
<span>b. he/she is not making good use of scarce resources</span>
