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seropon [69]
4 years ago
13

The basic difference between a master budget and a flexible budget is that a: Group of answer choices flexible budget considers

only variable costs but a master budget considers all costs. flexible budget allows management latitude in meeting goals whereas a master budget is based upon a fixed standard. master budget is for an entire production facility but a flexible budget is applicable to single departments only. master budget is based on one specific level of production and a flexible budget can be prepared for any production level within a relevant range.
Business
1 answer:
lubasha [3.4K]4 years ago
7 0

Answer:

master budget is based on one specific level of production and a flexible budget can be prepared for any production level within a relevant range.

Explanation:

A master budget is a budget that contains an aggregation of smaller level budgets into an overall single budget

A flexible budget is a budget that can be  adjusted based on the activity levels of a firm.

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Mike and Lon came to a party together. A friend offered Mike a ride home. However, there was no room in the car for Lon. What ar
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Mike could leave lon behind, walk lon home, offer to pay for a taxi or finally he could stay with him.

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3 years ago
Find the missing angle​
Lady bird [3.3K]

Answer:

<h2>To find the missing angle: Label each angle in the triangle with a letter. The unknown letter will be to the left of the =. In the image above, A is the unknown angle. Choose the equation with A to the left of the =. Insert the values of the known letters into the right hand side of the equation.</h2>

Explanation:

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3 years ago
A methodology aimed at reducing the number of defects in a business process
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3 years ago
Paradise, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $625 2 875 3 1,150 4 1,250
MissTica

Answer:

(a) If the discount rate is 11 percent, what is the future value of these cash flows in year 4?

To solve this problem, we must find the FV of each cash flow and add them.

To find the FV of a lump sum, we use:

FV = PV(1 + r)^t

[email protected]% = $625(1.11)^3 + $875(1.11)^2+ $1,150(1.11) + $1,250 = $4459

(b) What is the future value at a discount rate of 18 percent?

FV = PV(1 + r)^t

[email protected]% = $625(1.18)^3+ $875(1.18)^2+ $1,150(1.18) + $1,250 = $4852

(c) What is the future value at discount rate of 30 percent?

FV = PV(1 + r)^t

[email protected]% = $625(1.30)^3+ $875(1.30)^2+ $1,150(1.30) + $1,250 = $5597

5 0
3 years ago
What is the difference between a shortage and scarcity? A shortage can be temporary or long-term, but scarcity always exists. A
Alika [10]

Answer:

A shortage can be temporary or long-term, but scarcity always exists.

Explanation:

Scarcity is a basic concept in economics which explains that human wants are unlimited and thus termed insatiable as the resources required to meet those needs are in limited supply.

As such scarcity as a concept has always been in existence and will always b. Shortage on the other hand is a limited supply of an item which may be in the short term or in the long run. While a shortage may be dealt with in time, scarcity will always be in existence.

8 0
4 years ago
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