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Answer:
C. A flexible budget shows expected revenues and costs at a variety of activity levels.
Explanation:
A fkexible budget is a plan that you adjust according to changes in activity, for example, when costs vary with the changes in volume. This type of budget is adapted in regards to the organization's needs and it can be used for the whole company or a specific department. Also, the flexible budget is used to adjust the master budget to the current volume. According to this, the answer is that a flexible budget shows expected revenues and costs at a variety of activity levels.
The Federal Reserve's three instruments of monetary policy are open market operations, the discount rate and reserve requirements.
Answer:
measures the rate of return on the book value of shareholders' total investment in the company.
Explanation:
Return on equity is referred to by the acronym ROI measures the rate of return on the book value of shareholders' total investment in the company.
The formula for calculating Return on Investment is Net Profit as a percentage of Total Investment.
Total investment here refers to net worth, which is total assets minus total liabilities; which gives the same value as equity.
That explains why the measure is referred to as Return on equity.
