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seropon [69]
3 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]3 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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Under a contractionary taxation policy, the government can reduce the deficit by
AlexFokin [52]

Answer:

c

Explanation:

not sure but I tried may best tho

7 0
3 years ago
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Sarah owns and operates a retail sporting goods business as a sole proprietor. Her store is located on the ground floor of a two
Soloha48 [4]

Answer:

A. $70,000

Explanation:

From the information given, we discover that

Gross profit from sporting goods business = $100,000

Subtract: other Expenses = 11500

Subtract: Building depreciation expenses (10000 × 55%) = 5500

Subtract: Mortgage Interest (10000 × 55%) = 5500

Subtract: Depreciation on vehicle used for business = 3000

Less: Utilities for Ground Floor = 4500

Net Self employment Income = $70,000

Note that 55% is used for ground floor, it is calculated as 100 - 45% used by tenant, therefore, for business purpose 55% will be taken.

7 0
2 years ago
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What is the difference between Singapore's economy and the US's economy
marusya05 [52]

Answer:

I hope this helps.

Singapore today, it is one of the world's fastest-growing economies. Its GDP per capita has risen to an incredible U.S. $60,000, making it one of the strongest economies in the world. With the US the growth in GDP - the value of goods and services in the economy - has generally been strong. The most recent data shows a 3.1% growth for the first quarter of 2019. This is lower than the 2018 peak of 4.2% (second quarter), which has been the highest level achieved during President Trump's administration.

Explanation:

4 0
3 years ago
When a person receives an increase in wealth, what is likely to happen to consumption and saving?
Arturiano [62]

When a person receives an increase in wealth, Consumption increases and saving decreases

Both present and future consumption rises as a consumer's current income does as well. Savings increase because current spending increases but does so at a slower rate than current income growth. Again, both present and future consumption rises when the customer receives an increase in predicted future income.

Savings declines because current consumption rises while current income does not. Current and future consumption both grow when the consumer's wealth increases. Again, because current income has not increased, saving has decreased. These individual actions to adjust one's consumption and saving habits have a cumulative effect on the aggregate amount of desired consumption and saving.

To learn more about consumption here,

brainly.com/question/14975005

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8 0
1 year ago
________ get things done through other people. they make​ decisions, allocate​ resources, and direct the activities of others to
Galina-37 [17]
Managers get things done through other people. They make decisions, allocate resources and direct the activities of others to attain goals. 

Managers oversee the work being done by an organization and communicate what needs to be done down through the appropriate channels. Managers have a very important role in how an organization operates because they keep everyone on track with what needs to be done. 
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2 years ago
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