Answer: $800 less than standard for the achieved level of activity
Explanation:
A flexible budget variance refers to the difference that occurs between the results that are gotten by a flexible budget model and the actual results gotten.
Since the flexible-budget variance is $800 favorable for unit-related costs, this indicates that costs were $800 less than standard for the achieved level of activity.
Therefore, the correct option is D.
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Answer:
$10,245.20
Explanation:
The present value by the Eliza shall be determined through below mentioned formula:
Present value=Future value(1+i)^-n
In the given question
Present value=?
Future value= Amount that the Eliza will receive after four years=$15,000
i=interest rate involved=10%
n=number of years after which the $15,000 will be received=4
Present value=$15,000(1+10%)^-4=$10,245.20
Answer:
b. 9.75%
Explanation:
We know that
Nominal rate of return = Real rate of return + inflation rate
where,
inflation rate is 4.2%
And, the nominal rate of return would be
= {(Selling price - purchase price) × number of shares purchased + dividend} ÷ (purchase price × number of shares purchased)
= {($70.25 - $62.30) × 200 shares + $148} ÷ ($62.30 × 200 shares)
= ($1,738) ÷ ($12,460)
= 13.95%
Then place these values in the formula above,
so the value would be equal to
13.94% = Real rate of return + 4.2%
So, the real rate of return would be
= 13.94% - 4.2%
= 9.74% approx
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