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3 years ago

Match the terms below with the following definition:

Business

1 answer:

GalinKa [24]3 years ago

6 0

Answer:

1. B

2. A

3. D

4. C

Explanation:

1. Activity variance

B) the difference between a revenue or cost item in the flexible budget and the same item in the planning budget.

The activity variance is as a result of difference between the actual level of activity in the flexible budget to the assumed level of activity in the planning budget.

2. Planning budget

A) a budget created at the beginning of the budgeting period that is valid only for the planned level of activity.

Planning budget is a process of evaluating earnings and expenses and project their monetary intakes and outtakes for the future made by an individual or company.

3. Flexible Budget

D) a report showing estimates of what revenues and costs should have been, given the actual level of activity for the period.

Flexible budget adjusts with changes in volume and activity

4. Spending variance

C) the difference between the actual amount of the cost and how much the cost should have been, given the actual level of activity

This is unfavorable if the actual cost is greater than what the cost should have been and favorable if the actual cost is less than what the cost should have been.

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What are three ways that can ensure your message is clear and not misnunderstood?

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Your communication style matches theirs

ask them what they heard. how they might explain it to others

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3 years ago

What is one of the advantages of buying an existing business?

leonid [27]

You don't have to pay for construction and people are already aware of the business's existence.

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3 years ago

What are the advantages of virtual meetings?

myrzilka [38]

Answer:

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First, they are cost effective compared with the physical one. Virtual meeting requires each participants only computer or another mobile device - which that almost every one owns with internet connection. Meanwhile, the physical one requires travelling which takes time and money, place to hold the meetings.

Secondly, it is convenient and allow the participants from different places. The technological development with internet connection facilitate the virtual meeting even when the members are geographically distant from each other.

Furthermore, there are several minor benefits such as they help share information in real time, contribute to environmental protection, etc.

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3 years ago

Neef Corporation has provided the following data for its two most recent years of operation: Selling price per unit Manufacturin

Luden [163]

Answer:

C. The amount of fixed manufacturing overhead released from inventories is $12,000

Explanation:

Fixed manufacturing overhead in year 1 = $432,000

Production of units in Year 1 = 12,000 units

Thus, fixed manufacturing overhead per unit in year 1 = $432,000 / 12,000 units = $36 per unit

Inventory at the end of year 1 = 3,000 units

Fixed manufacturing overhead deferred in year 1 = 3000 units * $36 per unit = $108,000

Now, lets calculate for year 2:

Production units: 9000 units

Fixed manufacturing overhead per unit in year 2 : $432,000 / 9,000 units = $48 per unit

Fixed manufacturing overhead in closing inventory = 2000 units * 48 = $96,000

<em>Fixed manufacturing overhead released from inventory = Fixed manufacturing overhead in beginning inventory - Fixed manufacturing overhead in ending inventory</em>

Now, applying the formula (as stated above) for calculating fixed manufacturing overhead released from inventory in year 2:

Fixed manufacturing overhead (FMOH) released from inventory in year 2 = FMOH in year 1 - FMOH in year 2

= $108,000 - $96,000 =

= $12,000.

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3 years ago

Net exports are defined as the ___________. A. value of foreign assets held by domestic individuals minus the value of domestic

MakcuM [25]

Answer:

B. value of the country's exports minus the value of its imports

Explanation:

That is the definition of net exports in economics: the value of a nation's total exported goods and services minus the value of all imported goods and services (NX = EX - IM)

Net exports could be positive or negative, depending on whether exports are larger or smaller than imports

It is seen frequently in talking about GDP, with the national income of an open economy being the sum of Governemnt Spending, Consumption, Investment and Net Export (Y = G + C + I + EX - IM)

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3 years ago