1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vesna_86 [32]
3 years ago
12

What is the primary difference between a static budget and a flexible budget? Select one: a. The static budget contains only fix

ed costs, while the flexible budget contains only variable costs. b. The static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels. c. The static budget is constructed using input from only upper level management, while a flexible budget obtains input from all levels of management. d. The static budget is prepared only for units produced, while a flexible budget reflects the number of units sold.
Business
2 answers:
antiseptic1488 [7]3 years ago
7 0

Answer: b. The static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels

Explanation:

Static budget: It is a type of budget whose expenses or amount will not change even if there is a change in volume. It is planned to remain fixed for the time of it duration irrespective of variations which might affect it outcome. A static budget is commonly used by non profit organization that runs on specific amount of allocation over a period.

Flexible budget: Is just the opposite of static budget, it is a budget whose amount changes with volume, it is a more practicable type of budget than the static budget. It can be used to evaluate performance in successful or unsuccessful areas over a period. Flexible budget is used basically to predict the changes that occurs in cost (fixed or variable).

notka56 [123]3 years ago
4 0

Answer:

The correct answer is letter "B": The static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels

Explanation:

The static budget is projected at the end of the year and represents changes in the costs (raw materials) business operations over the year. These are only designed for one level of production volume and do not adjust after they have been produced.

Flexible budgets are calculated by the beginning of the year and can vary based on the level of production during the year. These are calculated for various volume rates and separate fixed and variable costs.

You might be interested in
A company might conduct full-scale practice drills, including closing a building and working from a remote location, in order to
ddd [48]
TRUE. A company might conduct full-scale practice drills, including closing a building and working from a remote location, in order to test its contingency plans
3 0
3 years ago
Within the context of quality control, the primary purpose of continuing professional education (CPE) and training activities is
Phantasy [73]

Answer:

The correct answer is c) The ability to fulfill assigned responsibilities and the qualifications for advancement

Explanation:

The company should select procedures to achieve consistent assurance that workers at all levels cooperate in general and industry-specific CPE and other professional activities that empower them to fulfill responsibilities assigned and the qualifications for advancement.

3 0
2 years ago
What is the name for writing down where your income will go each month?
Vaselesa [24]
Your answer would be A: Budget. 
3 0
3 years ago
Read 2 more answers
A company must repay the bank a single payment of $20,000 cash in 3 years for a loan it entered into. The loan is at 8% interest
Yuki888 [10]

Answer:

Present Value of the loan = $19999.36 rounded off to $20000

Explanation:

The present value of loan will comprise of the present value of the principal amount of loan plus the present value of the interest that the loan will charge for the 3 year time period for which it is outstanding. As the interest payments are fixed and occur after equal intervals of time, they are considered an annuity.

To calculate the present value of the loan, we must discount the interest payments using the present value factor of annuity given in the question as 2.5771 and we must discount the principal to present value using the present value factor given in question as 0.7938.

We will first calculate the annual interest payment on loan.

Annual Interest payment = 20000 * 0.08 = 1600

Present value of the Interest payment - annuity = 1600 * 2.5771

Present value of the Interest payment - annuity = $4123.36

Present value of the Principal loan = 20000 * 0.7938

Present value of the Principal loan = $15876

Present Value of the loan = 15876 + 4123.36

Present Value of the loan = $19999.36 rounded off to $20000

7 0
2 years ago
The market has an expected rate of return of 12.6 percent. The long-term government bond is expected to yield 5.8 percent and th
natulia [17]

Answer:

The market risk premium is 9.3%

Explanation:

Market risk premium can be obtained by calculating the difference between the expected return on the market and the risk-free rate.

In the question given, the risk rate fee refers to the US treasury bill.

Therefore,

Market risk premium = market rate-risk free rate

= (12.6% - 3.3%)

= 9.3%

So, in the question given, the market risk premium is

9.3%

5 0
3 years ago
Other questions:
  • Why is it difficult for some people to save money?
    9·1 answer
  • The equation representing the consumption schedule for the economy is:
    14·1 answer
  • During December, Far West Services makes a $4,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
    7·1 answer
  • Vera is a good listener, helps her customers solve problems, and makes product suggestions that meet their needs. Last year she
    6·1 answer
  • Brain Teaser: You are driving a bus, 6 people get on, 2 people get off, then 10 get on and 5 get off, and then 8 get on and 4 ge
    10·2 answers
  • For each of the following:
    10·1 answer
  • What is not part of all contracts?
    10·2 answers
  • Roget Factory has budgeted factory overhead for the year at $15,500,000. It plans to produce 2,000,000 units of product. Budgete
    15·1 answer
  • Consider the statements. Indicate whether each statement falls mainly under the field of microeconomics or macroeconomics.
    10·1 answer
  • Over dinner, Ross complained about how prices have increased a great deal over the past year. Brenda disagrees, saying that the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!