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WINSTONCH [101]
3 years ago
15

A flexible budget expresses variable costs on a per unit basis and fixed costs on a total basis. T/F

Business
1 answer:
olga55 [171]3 years ago
5 0

Answer:

False

Explanation:

A flexible budget is a financial plan that varies with the levels of output and input. It is a budget that adjusts to the needs of a company and the actual revenue levels.  Flexible budgets contrast fixed budgets that remain the same regardless of actual income levels.

A flexible budget uses actual revenues for a period. It records the actual expenses incurred, whether fixed or variable.  A flexible budget like other financial plans and will have fixed, and variable costs indicated separately. Separating fixed and variable cost helps the management in evaluating financial performance for that period.

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On average, a person with a bachelor's degree earns
Georgia [21]

Answer:

B

Explanation:

the knowledge.. between a Bachelor degree and an associate degree. is leser

5 0
3 years ago
Duerr Company makes a $69,000, 30-day, 10% cash loan to Ryan Company. The note and interest to be collected at maturity is: (Use
Dimas [21]

Answer:

the journal entry to record the loan:

E.g. January 1, 202x, loan made to Ryan Company

Dr Notes receivable 69,000

    Cr Cash 69,000

the journal entry to record the collection of the note:

E.g. January 31, 202x, note collected from Ryan Company

Dr Cash 69,575

    Cr Notes receivable 69,000

    Cr interest revenue 575

interest revenue = $69,000 x 10% x 30/360 = $575

4 0
3 years ago
The spotlight on small business box "earning while learning" features students who
algol13
<span>The spotlight on small business box "earning while learning" features students who turned a social passion into a business opportunity. It is more than a necessity when we say “earning while learning”. It can be stated that it is much beyond the poor financial conditions of the families they belong on the basis why  a college- going student decides to work while studying. One of the possibilities why a student wants to work is because maybe students learn more while they work, as compared to their learning in the confines of the college classrooms. From 1989 to 2008, a study says that 70 per cent to 80 per cent of undergraduates were employed. It’s also stated that students work whether they are in high school or college; whether they are rich, poor, or somewhere in between; whether they are young and inexperienced or mature and experienced. It is truly beneficial for the students for they take part in internships and community-based projects which appear to lead students into jobs that offer new challenges, serve a social purpose, and provide opportunities for continued learning.</span>
5 0
4 years ago
On December​ 31, 2014​, Renda​'s common stock sold for per share. At that​ price, how much did investors say​ $1 of the​ company
shepuryov [24]

Question Completion:

On December​ 31, 2014​, Renda​'s common stock sold for $35 per share. At that​ price, how much did investors say​ $1 of the​ company's net income was​ worth? Earnings per share = $1.50

Answer:

Renda Company

The value of $1 of the company's net income by investors was:

$23.33

Explanation:

a) Data and Calculations:

Market price of Renda's common stock = $35 per share

Earnings per share = $1.50

This means that investors' value on $1 = $35/$1.50 = $23.33

b) Investors in Renda's common stock place a value of $23.33 for each $1 of the company's net income.  This is why they can afford to pay $35 per share in order to benefit from $1 of the company's earnings.  This calculation is based on the price-earnings ratio, which relates the company's share price to the earnings per share.

6 0
3 years ago
Company XYZ forecasts expanding markets, see many opportunities for growth, and adopts a growth strategy. It has invested heavil
jok3333 [9.3K]

Answer:

c

Explanation:

The adaption model was developed by  Miles and Snow (1978)

Businesses are classified as :

  • Reactors
  • Defenders
  • Analysers
  • prospectors

Company XYZ can be classified as a defender. this is because they have taken steps to increase control internally. It also has a lot of rules which might stifle adaption

7 0
3 years ago
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