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3 years ago

A revenue variance is the:

Business

1 answer:

IceJOKER [234]3 years ago

6 0

Answer: Option C

Explanation: In simple words, revenue variance refers to the difference between the revenue one expects to earn as per the budget made for a specified period of time and the revenue it actually earned in that time.

Organisations calculate revenue variance to identify the reasons they are not performing well or the qualities they are performing more than expected.

This measure helps organisation in decision making as to whether they should make changes in their process, and if so then wheat changes, or should remain as they are.

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Which of Ahmad’s expenses will most likely be ranked as variable expenses? Check all that apply.

stepan [7]

Answer:

The correct answers would be options B, C, E and F.

Explanation:

Variable expenses are the expenses that change with the increase or decrease of the use of product or service. Variable expenses are usually unpredictable.

In the given question, the discretionary spending, groceries, electricity bill and water bill are variable expenses, as they will increase or decrease with the use of them. For example, the more electricity you consume, the more bill you get and vice versa. Similarly, the more items you purchase in the grocery, the more you will have to pay and vice versa.

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3 years ago

Explain business activities and classification ?<br><br>

nexus9112 [7]

Answer:

Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.

Explanation:

hope helps

7 0

3 years ago

Read 2 more answers

Kate Company purchased a tractor at a cost of $120,000. The tractor has an estimated salvage value of $20,000 and an estimated l

Irina18 [472]

Options :

A) Straight-line

B) Units-of-production

C) Double-declining-balance

D) All methods produce the same expense in 2017

Answer:

C.) Double declining balance

Explanation:

Given the following:

Cost of tractor = $120,000

Salvage value = $20,000

Estimated life = 8 years or 12000 hours of operation

Purchase date = January 1, 2016

2016 usage = 2400 hours

2017 usage = 2100 hours

Depreciation Expense :

Using the straight line Depreciation :

(120,000 - 20,000) / 8 = 100,000 / 8 = $12,500

Double declining balance :

(100%)/8 = (0.125) * 2 = 0.25

0.25 * 120,000 = 30,000

Unit of production:

(120,000 - 20,000) * (2100 / 12,000)

= 100,000 * 0.175 = $17500

5 0

4 years ago

Other things held constant, the value of an option depends on the stock's price, the risk-free rate, and the

kolezko [41]

Answer:B

Explanation:

6 0

3 years ago

Solare Company acquired mineral rights for $729,600,000. The diamond deposit is estimated at 45,600,000 tons. During the current

Dominik [7]

Complete question :

Solare Company acquired mineral rights for $729,600,000. The diamond deposit is estimated at 45,600,000 tons. During the current year, 2,050,000 tons were mined and sold.

Determine the depletion rate. Determine the amount of depletion expense for the current year. Journalize the adjusting entry to recognize the depletion expense..

Answer: 1) $16 ; $32,800,000

Explanation:

Given the following :

Cost of mineral right = $729,600,000

Estimated deposit = 45,600,000 tons

Quantity sold mined and sold during current year = 2,050,000 tons

Depletion rate :

Cost of mineral right / Estimated volume of deposit

= $729,600,000 / 45,600,000

= $16

B) depletion expense for current year:

Depletion rate × quantity sold and mined in current year

$16 × 2,050,000

= $32,800,000

C.) Depletion expense - - - 32,800,000

Accumulated depletion - - 32,800,00

3 0

3 years ago