Answer:
Yes, common and operational expenses.
The effect on financial statement would be dynamic, as some figures would fluctuate based on volume
Explanation:
A flexible budget is very much adjustable based on the level of production activity. Hence this will also reflect on the financial statement, if management takes this approach
Answer:
$720
Explanation:
Given that,
Principal = $36,000
Rate = 6% per year
Note issued by West carried an 18-month term.
Time period: 1st September to December = 4 Months
Interest expense = Principal × Rate × Time period
= 36,000 × 6% × (4 ÷ 12)
= $720
Therefore, the amount of interest expense appearing on West's 2016 income statement would be $720.
Answer:
D. Top management
Explanation:
The top management of a company has the duty to oversee the entire company's operation. They are also the one that make a decision which will heavily influence the company's position in the future.
A decision for company to do business with subsidiaries with another country possess a lot of risk. It tends to require a lot of investment but with equally higher return. Decision with this magnitude will most likely fall to the hands of the top managers in the company.
Answer:
It only serves a limited geographic market.
Explanation:
In this regard, it can be said that the company Drafi Arts Corp serves a limited geographic market, because it is a company that has been using a successful niche market strategy for years, which means that it manages to meet a demand for handicrafts from location, which sets up its strategy to serve a specific market.
