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jolli1 [7]
3 years ago
13

An internal report that helps management analyze the difference between actual performance and budgeted performance based on the

actual sales volume (or other level of activity) is called a(n):
a. sales budget performance report.
b. flexible budget performance report.
c. master budget performance report.
d. static budget performance report.
e. operating budget performance report.
Business
1 answer:
sergey [27]3 years ago
4 0

Answer:

b.

Explanation:

Based on the information provided within the question it can be said that this is called a flexible budget performance report. Like mentioned in the question this is a report that compares the budgeted revenues with the actual revenues based on the volume of sales that the company has undertaken in a certain period of time. Every company uses this in order to make sure they are meeting sales goals and fix any problems that they may otherwise not know are there.

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Slinky Company purchased merchandise on June 10, 2021, at a price of $26,000, subject to credit terms of 4/10, n/30. Slinky uses
vampirchik [111]

Answer:

The answer is given below;

Explanation:

June 10.

Inventory    (26,000*.96)                Dr.$24,960

Accounts Payable                                                   Cr.$24,960

2.If payment is made on June 18,2021

Accounts Payable           Dr.$24,960

 Bank                                Cr.$24,960

3. If payment is made on July 8,2021

    Inventory  (26,000-24,960) Dr.$1,040

   Accounts Payable                  Cr.$1,040

    Accounts Payable (1,040+24,960) Dr.$26,000

    Bank                                                 Cr.$26,000

As the credit period of 10 days  for discount was not availed, therefore full amount payment will be made.

4 0
3 years ago
Based on your understanding of bond ratings and bond-rating criteria, which of the following statements is true?a. During an eco
kenny6666 [7]

Answer:

Statements "A" is true.

Explanation:

During a financial recession and a cynical domain, the yield spread between government securities and corporate securities could be higher than during great monetary occasions. This is because the grounds that during a recession, corporate securities would convey more hazard, (for example, higher default chance) than during great monetary occasions. To make up for this extra hazard, financial specialists would request more returns.

5 0
3 years ago
Entrepreneurs affect the economic decisions a country makes by:
xeze [42]

Answer:

D. identifying new ways for people to fulfill their wants and needs

Explanation:

Entrepreneurs start new businesses in society. They are quick to spot and identify needs and wants in the market. Entrepreneurs establish businesses to provide solutions to these needs and want at a profit.

Entrepreneurs use their creativity to come up with new and unique products that offer solutions to society's problems. They innovate better products and ways of offering services that are friendly and more cost-effective. Entrepreneurship goes hand-in-hand with creativity and innovation.

8 0
2 years ago
If a company mistakenly forgot to record depreciation on office equipment at the end of an accounting period, the financial stat
gayaneshka [121]

Answer: Assets, net income, and equity overstated.

Explanation: Depreciation can be defined as the decline in value of assets.

A mistake to record depreciation which is the decline in value in asset will significantly affect the account records. If the asset in a financial record is overstated, the net income and equity are also overstated because the asset is used in calculation of net income and equity.

8 0
3 years ago
What is not a potential risk of purchasing a used car?a) used cars can require repairs soonerb) warranties can be very limitedc)
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used cars can require repairs sooner warranties can be very limited used cars can have lower initial cost unexpected issues may arise

hope this helps <3

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3 years ago
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