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kifflom [539]
3 years ago
8

What is cost variance

Business
2 answers:
7nadin3 [17]3 years ago
5 0
Cost variance is the difference between the actual cost and the planned or budgeted cost at a given time on a project.
kow [346]3 years ago
3 0

Answer:

Cost variance is the difference between the actual cost incurred and the planned/budgeted cost at a given time on a project.

Explanation:

You might be interested in
A sunk cost is one that _______ Select one:
Minchanka [31]

Answer:

The correct answer is option b.

Explanation:

Sunk costs refers to historical funds spent or incurred that cannot be recovered. Such costs are considered irrelevant during decision making which impacts on the business's future as they present no influence on present or future prospects.

<u>Example</u>

ABC investors decide to acquire land and develop residential houses at a  location X. This decision is informed on the fact that the government had recently enacted a policy that led to an increase in demand for residential properties in that location. 6 months into construction of the residential houses, the government reviews and rescinds the policy. This leads to a sharp decline in property values in location X. ABC investors had already incurred 10 million dollars in the project. The 10 million dollars is considered sunk cost.

7 0
3 years ago
The basic earnings per share and the diluted earnings per share would have quite different values for a firm that relied heavily
S_A_V [24]

Answer: TRUE

Explanation:BASIC EARNINGS PER SHARE is a term used in the financial Securities market to mean the NET INCOME available to common shareholders.

DILLUTED EARNINGS PER SHARE is a term used in the financial Securities market to describe the outstanding profits available to common shareholders, after all the preferred stocks, warrants,convertible securities have been converted to common stocks.

Preferred stocks are also called hybrid stock, because it has certain features of common stock and convertible securities,it has a higher priority than common stock to payment of dividend etc.

Convertible debt securities are debt securities which can be converted to common stocks.

It basic earnings and diluted earning per share will definitely not be the same for such a firm.

7 0
3 years ago
Cagney and Lacey enter into a written contract to open "Tried and True," a store specializing in used guns recovered from murder
emmasim [6.3K]

Answer:

3. No, due to unilateral mistake

Explanation:

Lacey and Cagney both had agreed to wok for 30 hours per week and the agreement is in written format since it is enforceable. Both of them are sharing 50% profits so both will have to share the duties equally. When Lacey makes an excuse and is working for 20 hours per week only Cagney can sues her and she is in a probability to win against her. Lacey should have informed Cagney about the vacation from school scenario before signing the contract.

6 0
3 years ago
Resorts Corp. common stock is selling for $36.75 a share and has a dividend yield of 2.3 percent. What is the dividend amount?
Oxana [17]

Answer:

The Annual dividend amount is: $36.75 x 2.3% = $0.85

Explanation:

The dividend yield is the ratio of a company's annual dividend compared to its share price. The calculated formula of dividend yield as follows:

Dividend Yield =   Annual Dividend  / Share Price

Hence, Annual Dividend = Share Price x Dividend Yield

​

6 0
3 years ago
Strategic positioning attempts to achieve sustainable competitive advantage by ______.
matrenka [14]

Its achieve by preserving what is distinct about the company.

Strategic positioning is basically an effort made by an organization in order to distinguishes itself in a valuable way from its competitors and delivers value to clients in way different from others.

  • According to Porter, he states that a "company's relative position within its industry matters for performance".

  • A proper strategic positioning have a way of influencing how customers perceive a product in relation with other competitors product.

In conclusion, this type of positioning helps to achieve sustainable competitive advantage by preserving what is distinct about the company.

Learn more about Strategic positioning here

<em>brainly.com/question/8999192</em>

5 0
2 years ago
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