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3 years ago

What is budget variance?

Business

1 answer:

Akimi4 [234]3 years ago

7 0

Answer:

A budget variance is the difference between the budgeted or baseline amount of expense or revenue, and the actual amount. Thebudget variance is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.

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You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangement

svetlana [45]

Answer:

$223,370

Explanation:

See attached file

7 0

3 years ago

Aguilera corp. has a current accounts receivable balance of $336,500. credit sales for the year just ended were $4,515,830. what

Alika [10]

The receivables turnover ratio is an activity ratio computing how proficiently a firm uses its assets.

Receivables turnover ratio can be calculated by: net value of credit sales during a given period divided by the average accounts receivables.

Receivables turnover = sales / receivable

= 4,515,830 / 336,500

= 13.42

Days’ sales in receivables = 365 days/ receivable turnover

= 365 / 13.42

= 27.20

The average collection period is 27.20 days.

6 0

3 years ago

Souza Inc, which produces and sells a single product, has provided its contribution format income statement for October.

Dafna1 [17]

Answer:

d. $300

Explanation:

Calculation for what its net operating income should be closest to

Using this formula

First step is to calculate the contribution margin per unit using this formula

Contribution margin per unit= Contribution margin ÷ Number of units

Let plug in the formula

Contribution margin per unit= $48,000 ÷ 4,000 units

Contribution margin per unit= $12

Second step is to calculate the contribution margin

Contribution margin = 3,500 units × $12

Contribution margin = $42,000

Now let calculate the net operating income using this formula

Net operating income = Sales - Variable cost - Fixed expenses

Let plug in the formula

Net operating income= $42,000 - $41,700

Net operating income= $300

Therefore its net operating income should be closest to $300

8 0

2 years ago

The personal secretary of a top manager may have ________.

Gnom [1K]

Answer:

c. power but not authority

Explanation:

The personal secretary of a top managers may have power but not authority. Personal secretray is who keep the manager updated with his personal task like meeting, travelling, schedules and documentation he has power to do all this thing but dont have authority to order anything in the office or the firm. Personal secretary's responsibilitie and duties are restricted to the manager and at that level only. She couldnot order anyone to finish the task on stipulated time or deadline.

Personal secretary's main task is to respond to her boss about his work deadline, travelling schedule, asnwering call and response them accordingly, prepare correspondence for the boss, planning and scheduling the meeting, take care of minutes and take action on points, plannig events and oraganinsing them as well, Managing project of boss etc. but his/her dutie are restricted to these work only she couldnot order.

5 0

3 years ago

How will you close skill gaps between what you feel you possess and what employers perceive you have? Multiple Choice be motivat

Mazyrski [523]

<h2>Be motivated to learn</h2>

Explanation:

be motivated to learn : This would be right choice. The reason is that, the gap is because we need to learn some more to reach the expectation of employer. So learning should be life long.

share diverse experiences: Sharing experience does not fill the gap, only proving fills it.

have a high level of energy and an orientation toward action: This seems to be closer, but learning stands first and then putting into action.

believe in personal control of destiny: Self-belief is always essential, but only learning can fill the gap.

seek high levels of achievement: High level of achievement can be done only through learning.

6 0

3 years ago