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The flexible budget performance report directs management's attention to areas where: (Check all that apply.)

Solnce55 [7]

The flexible budget performance report directs management's attention to areas where:corrective action can help control operations.

<h3>What is flexible budget performance report?</h3>

Flexible budget performance report can be defined as the type of report that enables the management of a company to determine the difference between quantity variance and price variances.

Flexible budget performance report is important for companies as it draw their attention to areas were they need to take corrective action that will lead to efficiency.

Inconclusion it directs management's attention to areas where:corrective action can help control operations.

Learn more about Flexible budget performance report here:brainly.com/question/14015382

5 0

2 years ago

Which one of these statements is correct?

Simora [160]

Answer:

<u>(A) When selecting one of two projects, managers should select the project with the higher total expected cash flow.</u>

Explanation:

When running a business the managers must take into account the type of business entity they are dealing with and also find the projects that deliver maximum returns and give them the maximum benefits.

The business run by the sole owners must be based on generating a good client base and reducing the cost associated with the company.

Thus it's essential to select the cash flow with a high amount of growth and lower risks.

5 0

3 years ago

On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $19.7 million cash to expand operations. The l

Elena-2011 [213]

Answer: Please see answers in explanation ncolumn

Explanation:

Journal entry for Trico Technologies

1) To record issuance of notes

Date General Journal Debit Credit

Aug 1st 2021 Cash $19,700,000

Notes Payable $19,700,000

Adjustment for Interest

= Principal x rate x time ( from August to December 31st)

$19,700,000 X 9% X 5/12=$738,750

To record accrual of interest at Year end.

Date General Journal Debit Credit

Dec 31st,2021 Interest expense $738,750

Interest payable $738,750

3. Record Payment of Note at maturity

Date General Journal Debit Credit

Jan 31st,2022 Notes payable $19,700,000

Interest Expense $147,750

Interest payable $738,750

Cash $20,586,500

Interest Expense =Principal x rate x time ( the remaining one month

$19,700,000 X 9% X 1/12=$147,750

8 0

2 years ago

The following events occurred for Favata Company: a. Received $13,000 cash from owners and issued stock to them. b. Borrowed $10

Vladimir [108]

Answer and Explanation:

The indication of the account, amount and the direction of the effect are as follows

As we know that

Accounting equation is

Total assets = Total liabilities + stockholder equity

Based on this, the indication and the direction aare as follows

Assets = Liabilities + Stockholders' Equity

A) $13,000 = 0 + $13,000

It increased both the assets and the stockholder equity i.e capital

B) $10,000 = $10,000 + 0

It increased both the assets and the liabilities

C) $1,100 = $1,100 + 0

It increased both the assets and the liabilities

D) +$18,000 -$1,600 = $16,400 + 0

It increased the land by $18,000 and decreased the cash by $1,600 and at the same time it increased the liabilities by $16,400

E) +$6,000 -$1,600 = $4,400 + 0

It increased the equipment by $6,000 and decreased the cash by $1,600 and at the same time it also increased the liabilities by $4,400

Total $44,900 = $31,900 + $13,000

4 0

3 years ago

In a system of 100-percent-reserve banking, a. banks do not accept deposits. b. banks can increase the money supply. c. banks do

zheka24 [161]

The correct option is C). banks do not influence the supply of money.

<h3>What is 100-percent-reserve banking?</h3>

100-percent-reserve banking, is a system of banking, in which banks only lend from time deposits instead of lending demand deposits.

In a system with 100 percent reserve banking, banks cannot make the loans and do not influence the supply of the money.

This system is also known as full-reserve banking.

Learn more about the 100-percent-reserve banking here:-

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8 0

2 years ago

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