Answer:
Profit
Explanation:
Profit is the monetary or financial gain by a business when its revenues exceed costs. Revenue is the income a company gets through selling its goods and services. Costs are the expenses incurred in making goods and services for sale.
If the revenues are more than the costs, a business will make profits. But if the costs are more, the company will suffer losses.
The difference between the standard cost of a product and its actual cost is called a cost variance. Therefore the statement is true.
<h3>What is the objective of variance?</h3>
Changing across all of the pieces of information in a data set, variance is a measurement of distribution. It enables us to estimate how far away a set of factors are from each other.
To describe the variation or difference between the standard cost of a product and its actual cost the use of cost variance is done. It is utilized to estimate the financial performance of any project.
Therefore, the statement is True.
Learn more about Variance, here:
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The next step is Gather information. The objective is to have high caliber, satisfactory choices made in battle and preparing circumstances. The Military Problem Solving Process enables pioneers to confront complex issues in circumstances where data may be restricted.
While creating conceivable arrangements amid the Military Problem Solving Process, the pioneers will precisely record every conceivable arrangement and compress the Solution in composing and outlines.
Answer:
Buyer took a voidable title from Jacob, and transferred a voidabale title to the GFP.
Explanation:
A voidable title is "a title that a grantee may choose to annul or void due to fraud or other irregularity, but that will remain valid unless and until the grantee chooses to void it."
Reference: Sellers International, LLC. “Voidable Title Legal Definition.” Quimbee, 2019,
Answer:
3 years and 4 months
Explanation:
Colby payback period = Investment in book and store / Annual cash income = $400,000 / $120,000 = 3.33 years = 3 years and (0.33 *12) months = 3 years and 4 months.
Therefore, the payback period for Colby is 3 years and 4 months.
