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ollegr [7]
2 years ago
8

What is the primary difference between a static budget and a flexible budget? the static budget contains only fixed costs, while

the flexible budget contains only variable costs.
b. the static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels.
c. the static budget is constructed using input from only upper level management, while a flexible budget obtains input from all levels of management.
d. the static budget is prepared only for units produced, while a flexible budget reflects the number of units sold. the static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels. the static budget is constructed using input from only upper level management, while a flexible budget obtains input from all levels of management. the static budget is prepared only for units produced, while a flexible budget reflects the number of units sold?
Business
1 answer:
mrs_skeptik [129]2 years ago
3 0
<span>What is the primary difference between a static budget and a flexible budget? The static budget contains only fixed costs, while the flexible budget contains only variable costs. Flexible budgeting allows for variables to change the budget and allotted costs for the budget. When you have a flexible budget you are understanding of things that could "come up" and have extra </span>money open to use there. In a static budget, you are strict on where your money is spent and you have a budget just for those costs. 
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Assume the following data for Oshkosh Company before its year-end adjustments:
babunello [35]

Answer:

a. Dr Sales $619,200

Cr Customer Refunds Payable $619,200

b. Dr Estimated Returns Inventory $400,000

Cr Cost of Merchandise Sold $400,000

Explanation:

a. Preparation of the journal entry to record Estimated customer refunds and allowances

Dr Sales $619,200

($51,600,000 × 1.2%)

Cr Customer Refunds Payable $619,200

(To record Estimated customer refunds and allowances )

b. Preparation of the journal entry to Estimated customer returns

Dr Estimated Returns Inventory $400,000

Cr Cost of Merchandise Sold $400,000

(To record Estimated customer returns)

4 0
2 years ago
_______________________ managers subscribe to the traditional view of direction and control of subordinates, who they see as ind
Nadya [2.5K]

Answer:

<u>THEORY X</u> managers subscribe to the traditional view of direction and control of subordinates, who they see as indolent and lazy, whereas <u>THEORY Y</u> managers naturally take the opposite view of workers, seeing them as willing and eager to be productive.

Explanation:

Douglas McGregor developed the theory X and Y management models in the late 1950s.

Theory X managers have a fairly negative view of their employees (and probably humanity as a whole), and they consider them lazy, with very little personal ambition and motivation, and that they work only for their paycheck. They believe that strict supervision and a system of rewards and payments is the best management model.

On the other hand, theory Y managers have a much more positive view of their employees (and humanity as a whole), they consider them responsible, capable of making good decisions, are internally motivated to work better, and not just because they want to earn a paycheck. They emphasis on job satisfaction and less supervision.

3 0
3 years ago
A business has been using a notebook to track sales and count how many pieces of each item it has in stock. As a business analys
Pani-rosa [81]
Based on the options given, the most likely answer to this query is A. Add information systems.. It would be much more efficient if the business uses informations system to automate its functions Thank you for your question. Please don't hesitate to ask in Brainly your queries. 
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3 years ago
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The board of directors of Capstone Inc. declared a $0.90 per share cash dividend on its $2 par common stock. On the date of decl
Bas_tet [7]

Answer:

A. Dividends 11,700 Dividends Payable 11,700

Explanation:

The journal entry to record the dividend declared is shown below:

Dividend A/c Dr $11,700

     To Dividend payable $11,700

(Being the dividend is declared)

The computation is shown below:

= (Number of shares issued - treasury stock) × cash dividend per share

= (20,000 shares - 7,000 shares) × $0.90

= 13,000 shares × $0.90

= $11,700

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3 years ago
A company had net income of $40,000, net sales of $300,000, and average total assets of $200,000. Its profit margin and total as
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A company had net income of $40,000, net sales of $300,000, and average total assets of $200,000. The profit margin and total asset turnover ratio are 13.3% each. 1.5.

There are two methods that can be used to calculate return on assets. The first method is to divide the company's net income by its average total assets. The second method is to multiply the company's net profit margin by sales.

Return on assets is calculated by dividing a company's after-tax earnings by total assets. The balance sheet total corresponds to the company's total equity and liabilities. This value can be found on the company's balance sheet.

Learn more about assets at

brainly.com/question/25746199

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1 year ago
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