Answer:
b.
Explanation:
Based on the information provided within the question it can be said that this is called a flexible budget performance report. Like mentioned in the question this is a report that compares the budgeted revenues with the actual revenues based on the volume of sales that the company has undertaken in a certain period of time. Every company uses this in order to make sure they are meeting sales goals and fix any problems that they may otherwise not know are there.
Answer:
The batch production method is more efficient.
Explanation:
With job production its one person making something for usually one person or customer but with batch production its a manufacturing process that allows more things to be made for more people in less time.
Answer:
a) 10
Explanation:
Calculation to determine Approximately how many salespeople does Splash World need to service 1000 accounts
First step is to determine the selling time
Using this formula
Selling time=Number of customers *Sales calls per year*Hours per sales call
Let plug in the formula
Selling time=1000 * 5 *2 hours
Selling time= 10,000 hours
Second step is to determine the number of hours they used to sell
Hours to sell= (40 hours per wweek* 50 weeks)*1/2
Hours to sell = 2000 hours per year*1/2
Hours to sell= 1000 hours per year.
Now let determine how many salespeople does Splash World need to service 1000 accounts
Number of salespeople=10,000 hours /1000 hours per year
Number of salespeople=10
Therefore Approximately how many salespeople does Splash World need to service 1000 accounts will be 10 salespeople
Answer:
His annual rate of return on this sculpture is -4.46%.
Explanation:
let PV be the amount invested and after t periods it turns to be FV
FV = PV(1+r)^t
(1+r)^t = FV/PV
1 + r = (FV/PV)^(1/t)
r = (FV/PV)^(1/t) - 1
t is the number of years from 1999 to 2003, t = 2003 - 1999 = 4 years
FV = $10,311,500
PV = $12,377,500
r = ($10,311,500/$12,377,500)^(1/4) - 1
r = -0.0446
therefore, His annual rate of return on this sculpture is -4.46%.
Answer:
attached below
Explanation:
Given that the economy has its actual GDP > potential GDP
<u>A) using AD-AS to depict the situation </u>
attached below is the graph
The gap( Lf - L1 ) is called <em>inflationary gap </em>
x-axis <em>= </em>real GDP , Y-axis = price level,
AD = aggregate demand curve , S = short run aggregate supply curve
L = long run aggregate supply curve,
B) In the long run the<em> graph </em>will adjust to the full employment level
attached below is the graph