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2 years ago

The purpose of a flexible budget is to:

Business

1 answer:

Ksenya-84 [330]2 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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Differences in personalities among individuals?

gulaghasi [49]

Answer:

B) none of these

hope this helps you

8 0

2 years ago

On January 1, Year 1, Greenfield, Inc. issues $100,000 of 9% bonds maturing in 10 years when the market rate of interest is 8%.

ELEN [110]

Answer:

When using a financial calculator to compute the issue price of the bonds, the applicable periodic interest rate ("I") is 3.923%

Explanation:

Hi, first, the discount interest rate that you have to choose is 8%, because 9% is the coupon rate (which in our case would be 9%/2=4.5% and this is used only to find the amount to be paid semi-annually).

Now we know we have to choose 8%, but this is an effective rate (I know this is an effective rate because no units were mentioned), and by definition it is a periodic rate, but it is not the rate that we need since the payments are going to be made in a semi-annual way, therefore we need to use the following equation.

$r(semi-annual)=[1+r(annual)]^{\frac{1}{2} } -1$

So, everything should look like this.

$r(semi-annual)=[1+0.08]^{\frac{1}{2} } -1=0.03923$

Therefore, the periodic interest that yuo have to use to calculate the price of the bond is 3.923%

Best of luck.

8 0

2 years ago

A young professional wishes to have $730000 in her retirement account. She invests $900 monthly in the account which earns 11.5%

Vikki [24]

Based on the amount that she invests monthly, the interest rate, and the targeted retirement amount, the number of payments would be 42 payments.

<h3>How many payments should the young professional make?</h3>

The number of payments will be the same as the number of months/ periods because that is the frequency of payment.

The number of payments can therefore be found by the NPER formula on a Spreadsheet:

Rate = 11.5%

Pmt = -900

PV = Empty

FV = 730,000

Number of payments is:

= 41.76

= 42 payments.

Find out more on number of periods of payments at brainly.com/question/6819835.

5 0

2 years ago

Sweet Dreams sells 15,000 pillows per year for $25 per unit. Variable cost per unit is $14. Sweet Dreams wants to improve custom

Radda [10]

Answer: The answer is $27.25

Explanation:

Let x be the price Sweet dreams will charge to earn the profit of $75,000

New sales units = 20,000

New variable cost = $19

We know, Sales - Variable cost - Fixed cost = Profit

Now applying the equation,

20,000x - (20,000*19) - 90,000 = $75000

20,000x = $75,000 + 380,000 + 90,000

therefore, x = $27.25

So, Sweet Dreams will charge $27.25 to earn the same profit it is earning now i.e. $75000 per year.

4 0

2 years ago

Explain a communication module .

Tasya [4]

Answer:

<h2>The Communication Module (cmm) handles the exchange of messages between modules on different robots. As such it closely interacts with the Message System. From a user point of view, all Msg functions work as documented in "An implementation</h2><h2> for the Message System".</h2>

Explanation:

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5 0

2 years ago