Solution :
a). Flexible budget
A flexible budget is a budget that is prepared for the different volume level which was originally anticipated.
b). Flexible budget variance
It is the different between the flexible budget and the actual results.
c). Return on Investment
It is used to evaluate the performance of the investment centers. It is calculated by dividing operating income by the investment.
d). Favorable variance
The company has the favorable variance when the actual values are more than the budgeted values.
Answer: D. $3,000,000
Explanation:
Asset turnover is the ratio of total sales or revenue to average assets
Debt to asset ratio is total liabilities divided by total assets.
Total liability is $500,000
Debt to asset ratio is total liability/total asset= 500,000/total asset = 0.5
Total asset = 500,000 x 10/5
Total asset = 1,000,000
Asset turn over = total sales/average asset
Assets turnover = 3.0
3.0= total sales/1,000,000
3.0= total sales/1,000,000
Total sales = 3.0 x 1,000,000
Total sales = 3,000,000
Answer:
Yes
Explanation:
A long term goal can take months or even years to accomplish, instead a Short term goal can take days or weeks.
Hope that helps! :)
Prototyping has become a popular way to develop
business applications because Prototyping speeds up the process and can make
the development process easier and faster and it allows end user to open the
application development process.
<span> When the
requirements are not clear, during the design of the end user interface, prototyping
is used. And end user have more input in the development process when there is
prototyping. These are the advantages of prototyping.</span>
<span>The disadvantages are sometimes system failure
because prototyping process is fast so may be some steps relating to testing
the system stability can be missed, and upfront developer costs are also more
expensive.</span>
Answer: See explanation
Explanation:
• Natural resources occur in the environment.
This is true. In our environments, we can see natural resources. They include coal, tin, limestone, iron ore etc.
• Example of services are teaching, banking, insurance, tailoring etc. In an economy, services are regarded as the intangible parts as they can't be touched. It is an important part of every nation.
• Example of goods are clothes, pens, cars etc.
Goods are physical and tangible items. They include laptops, chairs, phones etc.
• A renewable resource cannot be exhausted.
This is true. A renewable resource cannot be exhausted e.g. sunlight.
