The budget item spent on clothing is considered to have a budget variance.
<h3>What is budget variance?</h3>
A budget variance is the difference between the budgeted expense or revenue, and the actual amount.
The budget variance is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.
Hence, the budget item is considered to have a budget variance.
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The internal growth rate of a firm is best described as the: Minimum growth rate achievable assuming a 100 percent retention ratio.
<h3>What is
internal growth rate of a firm?</h3>
An internal growth rate can be described as the highest level of growth that can be gotten by a business without obtaining outside financing.
it should be noted that the firm's maximum internal growth rate is the level of business operations can persistently fund , hence The internal growth rate of a firm is best described as the: Minimum growth rate achievable assuming a 100 percent retention ratio.
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Answer:
False
Explanation:
It is FALSE that If you make superior returns by buying stocks after a 10% fall in price and selling stocks after a 10% rise, this is consistent with the weak form of EMH.
Weak Form of Efficiency Market Hypothesis states that individuals cannot use past knowledge, facts, or occurrence about stock to determine its future price.
In other words, past data or evidence has no connection with existing market prices.
Hence, if you make superior returns by buying stocks after a 10% fall in price and selling stocks after a 10% rise, that shows the existence of pattern or past information about the stock rising or falling prices determine future occurrence. This situation contradicts the Weak form of EMH
In this case, the most likely reason for this is The employees will conclude that there must be regional differences in pay.
<h3>What is a Pay Difference?</h3>
This refers to the discrepancy that exists when a person is paid a different amount to another person who is performing the same or similar work and can be affected by things like location, etc.
Hence, we can see that based on the fact that the employees of the cloth store make an investigation into their pay rates and find out that there is a price discrepancy that is higher than the national average, they would conclude that there must be regional differences in pay.
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