Answer:
A flexible budget is a budget that adjusts or flexes with changes in volume or activity.
Explanation: For costs that vary with volume or activity, the flexible budget will flex because the budget will include a variable rate per unit of activity instead of one fixed total amount.
C. Increase the amount of protected lands, parks, and conservation areas.
Answer:
The correct answer to the following question is B) primary demand stimulation.
Explanation:
Primary demand stimulation can be defined as such advertising messages, whose main objective is to promote the benefits of a product or product category, rather than promoting a whole brand. The main purpose of making such advertisement is to influence the buying decisions of consumers by telling them about the benefits of product and also in situation when a new product has been launched or technological up gradation has been made.
<u>Given:</u>
Beginning retained earnings = $217,000
Revenues = $417,000
Expenses = $358,500
Dividends = $12,700
<u>To find:</u>
Ending retained earnings
<u>Solution:</u>
To calculate the ending retained earnings first we have to calculate the net income of the company. The formula to calculate the net income is as follows,

On plugging in the values in the above formula we get,

The formula to calculate the ending retained earnings is as follows,


Therefore, the retained earnings on the balance sheet as of December 31, 2016 will be $262,800 that is option c.