Answer:
b. the budget is adjusted to the actual activity for the period.
Explanation:
A flexible budget performance report is a comparison between actual costs and revenues, and the budgeted income and expenses at the end of a period, based on actual performance. The report shows the difference between the actual results and the estimated numbers. Management uses the report to determine if the company's results were in line with management expectations.
The performance report is prepared at the end of a financial period. It helps the management analyse any major variances between the actual performance at the estimated numbers at the beginning of a period. The report helps the management identify the companies strong areas, and the sections that need improvements.
Answer:
Find attached
Explanation:
Horizontal or trend analysis involves is a financial statement analysis technique that shows the percentage change or dollar change in a corresponding financial statement's item.
For example, the change in the fixed assets by a way of increase or decrease compared to last year's financial statements.
Formula:
change in a particular line item=(current year amount/previous year)-1
Answer:
option 2
Explanation:
to determine the better option, calculate the present value of option 2. The more suitable option is the option with the higher present value
Present value is the sum of discounted cash flows
Present value = future value / ( 1 + r)^n
r = interest rate
n = number of years
6500 / ( 1.08^3) = 5159.91
the present value of option 2 is higher than that of option 1,, so pick option 2
Answer:
Reminder
Explanation:
Kevin needs to make a reminder presentation strategy to be more persuasive than technical in other to appeal to his customers buying emotions.
A reminder advertising intended to keep product or service availability in the forefront for existing customers, this could be inform of a brief message designed chiefly to keep a product in the mind of the consumer once the product is already familiar. Reminder advertising usually follows an extensive campaign, and therefore does not elaborate on the reasons to buy the product.