In the context of business management, the purpose of budgeting includes the following three aspects:
•A forecast of income and expenditure (and thereby profitability)
•A tool for decision making
•A means to monitor business performance
1. What is the variable overhead spending variance? (HINT: The answer $980 unfavorable, but I need work to support this)
2. What is the variable overhead efficiency variance? (HINT: The answer is $4,040 unfavorable, but I need work to support this)
Answer:
d. Marketing Mix
Explanation:
<em>Target Market</em> is the group of people with specific problem and seeking a solution and ready to spend on it.
<em>Market Segment </em>is dividing a market into sub sets of consumers, businesses or countries who have common needs.
<em>Market Position </em>is organizing for a product by clear minds of target customer relative to competing products.
<em>Marketing Mix </em>is the combination of four P's: Product, Price, Promotion and Place.
Answer: $106,250
Explanation: Conventional loans often require 20% down to avoid PMI ($125,000), and Nico has paid a $50,000 deposit ($625,000 x .08). Closing costs are $31,250 ($625,000 x .05).
He needs $106,250 to close ([$125,000 - $50,000] + $31,250).
False. Motivation is an internal and external factors that stimulate people's desire to action that drives people to be committed and interested continuously to attain role, targets, and goals. It also includes conscious and subconscious factors. Hopes this helps you.
