Actual budget performance report compares actual performance and budgeted performance based on actual activity level.
<h3>What is a budget?</h3>
A budget serves as a term that describes how to place our needs on our income, it is a way to balance our expenses and income.
Actual budget performance report gives room to
compares actual performance and budgeted performance based on actual activity level.
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They use a <span>Straight Piecework Plan </span>as an incentive to their employees.
The Straight Piece-Work System is the simplest incentive approach in which the rate in keeping with unit of output is fixed, and the income of the employee are computed with the aid of multiplying his total output by rate per unit. We can also define this as the system or plan in which the employers or workers are paid according to the number of units produced during a defined time period at fixed rate.
Answer:
The answer is $53,732.
Explanation:
The value of the equipment reported on Libby Company's balance sheet is equal to:
Cash payment at purchase + Present value of 8 equal semiannual payment, $6,700 each discounted at 3% ( because semiannual payment is made for 4 years so we have 2 x4 = 8 payments; and annual borrowing rate is 6% so we have discount rate = 6% /2 = 3%).
with:
Cash payment at purchase = $6,700;
Present value of 8 equal semiannual payment, $6,700 each discounted at 3% = (6,700/3%) x ( 1 - 1.03^(-8) ) = $47,032 ( that is, apply the formula to find present value of annuity).
we have:
The value of the equipment reported on Libby Company's balance sheet = 6,700 + 47,032 = $53,732.
Answer:
The systems that support functions that are absolutely critical to the organization
Explanation:
Only the systems that support functions that are absolutely critical to the organization. Critical in such that it no organization can do without them, I.e they are very important to for their survival.
Answer:
The correct answer is letter "C": Larger, lower.
Explanation:
According to different researches carried out across the U.S., young adults who are between 18 and 29 years old have a total debt to $1.05 trillion. Individuals' debt who are older than 70 is $1 trillion. The average debt amount that young adults (18-29) have is $22,000 while elder people from 50 years old and on is $36,000.
Then, <em>young adults have larger accumulated debt than elders and their debt amounts are lower as well.</em>
