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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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Answer:

D they both will increase

Explanation:

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3 years ago

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Dominik [7]

Answer:

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3 years ago

Read 2 more answers

A company is considering two projects. Project 1 has an initial investment of $60,000 and expected cash inflows of $20,000 each

Vikki [24]

Answer:

Project 1

Explanation:

The computation of the payback period is shown below:

As we know that

Payback period = Initial investment ÷ Net cash flow

For project 1

The payback period would be

= $60,000 ÷ $20,000

= 3 years

For project 2

The payback period would be

= $80,000 ÷ $20,000

= 4 years

Based on the payback period, project 1 should be chosen as the initial amount would be recovered in 3 years instead of 4 years shown in project 2

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3 years ago

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According to the Bureau of Economic Analysis, during the recession of 2007minus2009, household saving as a fraction of disposa

luda_lava [24]

Answer:

A) decrease MPC, increase MPS, and decrease the multiplier so that changes in planned investment will have a smaller impact on equilibrium output.

Explanation:

When you receive money, e.g. get paid by your employer, the first thing you do is pay for your basic necessities which are classified as autonomous spending. Then hopefully you will have some money left which is classified as disposable income. You can do two things with your disposable income, either spend it or save it.

The proportion that you spend is called the marginal propensity to consume (MPC) and the remaining part that you save is called the marginal propensity to save (MPS). If the MPS was 1% in 2007 and increased to 5% in 2009, then the MPC was 0.99 in 2007 and 0.95 in 2009.

The formula to calculate the economic multiplier is 1 / MPS:

the economic multiplier in 2007 = 1 / 1% = 100
the economic multiplier in 2009 = 1 / 5% = 20

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2 years ago