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elena55 [62]
3 years ago
6

A flexible budget: Multiple Choice presents a statement of expectations for a period of time but does not present a firm commitm

ent. presents the plan for only one level of activity and does not adjust to changes in the level of activity. classifies budget requests by activity and estimates the benefits arising from each activity. presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels.
Business
1 answer:
Drupady [299]3 years ago
3 0

Answer:

presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels.

Explanation:

A flexible budget presents the plan for a range of activity so that the plan can be adjusted for changes in activity levels.

In order to ensure the flexibility of a budget, it is usually updated to reflect the actual level of activity during the period and this helps to compare actual results with respect to the budget based on the actual activity over a period of time.

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Machinery purchased for $69,000 by Vaughn Co. in 2016 was originally estimated to have a life of 8 years with a salvage value of
Sliva [168]

Answer:

Prepare the entry to correct the prior years' depreciation, if necessary.

any change in depreciation expense must be done for future events, past events cannot be adjusted

Depreciation expense 2021:

carrying value December 2020 = $69,000 - {[($69,000 - $4,600) / 8] x 5} = $69,000 - $40,250 = $28,750

depreciation expense per year (including 2021) = ($28,750 - $5,175) / 5 = $4,715

3 0
3 years ago
An employee requested that the balance of her 401(k) account be sent directly to her in one lump sum. upon receipt of the distri
yKpoI14uk [10]

The tax consequence of the distribution sent to this employee is that the Distribution is subject to federal income tax withholding.

8 0
3 years ago
What percent of customers bought anything from the last catalog? 2. what was the average $ order size bought from the last catal
denpristay [2]

<span>1.       </span>What percent of customers bought anything from the last catalog?

Fom this last catalog, 2.5% of the costumers bought.

<span>2.       </span>What was the average $ order size bought from the last catalog across all 96,551 customers?

<span>The average dollars ordered from this catalog was $104.24 per buying customer.</span>

7 0
3 years ago
Company X has 2 million shares of common stock outstanding with a book value of $2 per share. The stock trades for $3 per share.
gladu [14]

Answer:

23.08%

Explanation:

The computation of the debt ratio is shown below:

Debt amount

= 2 million × 0.90

= 1.80 million

And,

Equity amount

= 2 million × 3

= 6 million

Now

debt ratio = debt amount  ÷ (amount of debt + amount of equity)

= 1.80 million ÷ ( 6 million + 1.80 million)

= 23.08%

4 0
3 years ago
Wal-Mart has a highly sophisticated system of recording data and being able to view results. For instance, Wal-Mart managers kno
ziro4ka [17]

Answer:

c. machines watching people

Explanation:

Machines watching people refers to a phenomena whereby via employment of specialized machinery, an organization is successfully able to observe the activities of it's customers and at the same time also track data relating to their identity and other credentials.

In the given case, the sophisticated system entails deciphering the customer shopping pattern and the merchandise sold during a period whereas the payment mechanism of cards also helps in tracing down the identity to ensure no unscrupulous person can go unnoticed.

Thus, it's a case of machines keeping a watch or surveillance on the customers and their identity.  

7 0
3 years ago
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