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3 years ago

The purpose of a flexible budget is to:

Business

1 answer:

Ksenya-84 [330]3 years ago

8 0

Answer:

c. update the static planning budget to reflect the actual level of activity for the period

Explanation:

A flexible budget is a financial plan of expenses and revenues based on the actual level of output. A flexible budget adapts to changes in prices and company needs. Because the budget varies with the market condition, it is called a variable cost.

Due to their variable nature, flexible budgets are used to update the static estimates at the end of a period. The company compares the actual result in the flexible budget with that of a static budget. The management uses a flexible budget to evaluate the business performance for the period. Specific areas of success and failures are highlighted. Decisions on areas that need improvement can then be made.

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Global Commerce Corporation purchased trading debt investments for $136,000 on December 31, 2018. There is a decrease of $3,400

stellarik [79]

Answer:

A. Unrealized Holding Loss - Trading 3,400

Fair Value Adjustment - Trading 3,400

Explanation:

Since this investment is classified as a trading investment, any change in its fair market value must be included in their income statement. The appropriate journal entry should be:

Dr Unrealized loss on trading security 3,400

Cr Debt investments 3,400

This will decrease the carrying value of the debt investments in the balance sheet and the loss will be included in the 2019 income statement. The fair value adjustment account normally has a credit balance since it decreases the carrying value of the investment account.

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3 years ago

A company has Net Income of $10, which included $2 of depreciation expense. There were no other noncash expenses in Net Income a

alexandr402 [8]

Answer:

Explanation:

The company's cash flow from operating activities can be calculated as follows:

Net Income 10

Add:depreciation expense 2

Less:changes in accounts receivable (5)

(20-25)

Less:changes in accounts payable (10)

(5-15)

Add:changes in inventory 5

(12-7)

Cash flow from operating activities 2

3 0

3 years ago

If you have several calls coming in at one time, you should

gregori [183]

I believe the answer is D.

4 0

3 years ago

2. An organization's products and services are the driving force in accomplishing

Levart [38]

I believe the answer is B. False

4 0

3 years ago

Read 2 more answers

Knowing that global business models are changing, how do you perceive IT systems helping or hindering the change process?

kati45 [8]

Answer:

IT is helping the change process

Explanation:

Information technology has revitalized today's business operations. Business models incorporating IT are fast, cost-friendly, and more responsive to market demand.

As business models endeavor to meet the needs of modern customers, IT is helping the process by offering innovative solutions. Emerging business models are anchored on modern IT.

3 0

3 years ago