Answer:
B. $1,500 F
Explanation:
Flexible Planning Activity
Budget Budget Variance
Customer served (q) 17 20
Travel expense ($500q) $8,500 $10,000 $1,500 (Favorable)
Workings
<u>Travel Expense </u>at 500q
Flexible budget = 500 * (17) = $8,500
Planning budget = 500 * (20) = $10,000
Answer:
All net income, less all dividends, since the company began operations.
Explanation:
Retained Earnings are the retained profits that the company keeps with itself, for meeting any case of emergency or for growing company and thus, meeting the growing expenses.
Each year when company earns profits and then, it distributes its profits in the form of dividends, the balance remaining after paying the dividends is added to retained earnings.
Thus, the entire balance of these kind of profits not paid anywhere else and also not utilized is called retained earnings.
Answer:
Explain how quickly a new product will be adopted, given the values and regular experiences of potential customers?
B. Compatibility.
Explanation:
Marketing can be defined as all the activities aimed at improving a business product to potential customers with the aim of improving the company's market share. Most companies use marketing as a tool to improve their sales. It is mostly crucial in companies that want their new product to be adopted by their potential customers. For this to happen, the following factors have to be considered;
1. Complexity
Complexity can be defined as the ability of the potential customers to understand your product. The marketing of the product should be in simple and clear language that will easily be understood by most customers. The product should also be easy to use in the customer's daily life. It has been know that the more complex a product is, the harder it will be for the customers to adopt it.
2. Compatibility
Compatibility can be defined as the rate at which the product being offered aligns well with market values and expectations. The more compatible the product is to the market the faster the product will be adopted.
Answer: y = 66x - 1200
Explanation: The charity organisation has to sell a number of tickets to cover their production costs of $1,200. It is given that after selling 200 tickets they retain a net profit of $12,000. Net profit is deduced as: Total sales - total costs. Sales is calculated as total tickets x selling price per ticket.
If we let b represent the sales earned from selling tickets, then:
Net profit = total sales - total costs
12,000 = 200b - 1,200
We can then solve for b by taking the 1200 to the other side of the equal sign. When we do that the sign of that number changes. This is also the same as adding 1200 to both sides of the equal sign:
∴12000 + 1200 = 200b
13200 = 200b
To get the price of one single ticket, b, we need to divide both sides by 200.
∴ b = 66
This means that each ticket's selling price is $66.
So when when we take it back to the calculation of net profit then it becomes:
Net profit = total sales - total costs
y = 66x - 1200
To test:
y = 66x - 1200
= 66 (200 tickets) - 1200
= $12,000
Answer: <em><u>16.5% is the average tax rate that will result in a 10 percent increase in tax revenues.</u></em>
Explanation:
This is an example of static forecasting since no time parameter is involved.
Now,
Let initial revenue be "R" ,
"n" be no. of taxpayer
∴ R= 65000×0.15×n
R +0.1R= 65000×rate×n
Using the above two equation, we'll get ;
<u><em>r = 16.5%</em></u>
