Answer: variable costs of $49,500 and $23,000 of fixed costs
Explanation:
A flexible budget refers to the budget which adjusts to the volume levels of a company.
Based on the information given in the question, the variable cost will be:
= (44000/8000) x 90000
= $49500 variable
On the other hand, the fixed cost has been given as $23000.
Therefore, the flexible budget would show variable costs of $49,500 and $23,000 of fixed costs.
Evaluating risks
Once risks are identified you determine the likelihood and consequence of each risk. You develop an understanding of the nature of the risk and its potential to affect project goals and objectives. This information is also input to your Project Risk Register.
Answer:
Increase / Increase.
Explanation:
Increase purchases of the U.S securities by the Denmark investors will place an increase on both the demand for U.S. dollar and international value of U.S. dollar since the business is done with the U.S dollar.
I can't help you unless you give me more Information
Answer:
(a)overstated
(b)overstated
(c)no effect
Explanation:
(a) As there is an expense account (utilities expense) which, is not included in the income statement, result for the year will be higher than if was.
(b)The revenues account will be oaky. But, the total expenses will be lower, as there are cost of the period which are not included.
So the Net incoem will be higher than a correct income as their expenses do not include this utilities expense
(c) The balance sheet will have no effect in the total Asset or Total Liaiblities+SE but, it is a change in the composition.
The income (reained earnings) should be lower as the income will be lower and a liability will be create (utilities payable) to fill this so:
with the mistake:
liab 0 equity (+400)
ammending the mistake
liab 400 equity 0
the net effect is zero.
It will decrease equity and increase liability, but the su of both will be the same
