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3 years ago

Maria's initial project budget was increased from $16,000 to $18,000. What was the variance from the initial budget?

Business

2 answers:

4vir4ik [10]3 years ago

7 0

The correct answer to the question is d 12.50

Ira Lisetskai [31]3 years ago

4 0

Answer:

D. 12.50%

Explanation:

Initial budgeted amount = $16,000

Final budgeted amount = $18,000

Change in amount budgeted = $18,000 - $16,000 = $2,000

Variance from initial budget is the ratio of the change in the budgeted amount to the initial amount budgeted expressed as a percentage.

Therefore,

Variance = (2000/16000) × 100%

= 12.5%

Option D. 12.50% is right.

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2 years ago

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mihalych1998 [28]

Answer:

Option e: Increased opportunities for growth

Explanation:

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3 years ago

The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and

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Total= $159,552

Giving the following information:
The company has budgeted to sell 15,600 Debs in February.
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3 years ago

Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the beginning of the year and a balance of

Alexandra [31]

Answer:

Average Collection Period = 57.03

Explanation:

given data

Accounts Receivable beginning = $437,500

Accounts Receivable ending = $500,000

Net credit sales = $3,000,000

to find out

average collection period

solution

we get here first average account receivable that is express as

average account receivable = $\frac{437,500+500,000}{2}$

average account receivable = $468750

and we consider No of Days in a year is = 365

so Average Collection Period will be

Average Collection Period = $\frac{468750}{3000000}$ × 365

Average Collection Period = 57.03

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4 years ago