A flexible budget is an optimum budget for managers that plan revenues and expenses at different sales volumes.
<h3>What is
flexible budget?</h3>
A flexible budget is one that varies in response to changes in actual revenue or other activities. As a result, the budget is reasonably close to the actual results. This technique differs from the more conventional static budget, which comprises only fixed spending numbers that do not change in response to real revenue levels.
A flexible budget will include budget lines for various amounts. For example, if your monthly widget production is 100, your variable admin costs could be $200. However, if you produce 200 widgets every month, your variable admin costs will rise to $400.
Entrepreneurs can adapt with change thanks to flexible, rolling budgets. This nimble planning process lets you adjust spending throughout the year
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Hi i was just calling to schedule an appointment to get my teeth checked. thanks
Am not really sure what the answer is but I think its letter D
Hi !!
The largest consumer debt concerns home mortgage.
it has gone up to 9,14 trillions.
In second place comes student loans
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Explanation:
The journal entries are as follows
a.
Merchandise Inventory A/c $254,500
To Accounts payable A/c $254,500
(Being merchandise purchased on credit)
b.
Account payable Dr $30,000
To Merchandise inventory $30,000
(Being the merchandise returned is recorded)
c.
Account payable Dr $224,500 ($254,500 - $30,000)
To Cash $224,500
(Being the payment of the invoice is recorded)
