Answer: b. The static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels
Explanation:
Static budget: It is a type of budget whose expenses or amount will not change even if there is a change in volume. It is planned to remain fixed for the time of it duration irrespective of variations which might affect it outcome. A static budget is commonly used by non profit organization that runs on specific amount of allocation over a period.
Flexible budget: Is just the opposite of static budget, it is a budget whose amount changes with volume, it is a more practicable type of budget than the static budget. It can be used to evaluate performance in successful or unsuccessful areas over a period. Flexible budget is used basically to predict the changes that occurs in cost (fixed or variable).
Answer:
D) Marginal utility of the last unit of each product consumed is the same.
Explanation:
To maximize utility with a given income constraint, a consumer must chose products to maximize utility. This can be done so that each extra dollar, which is the marginal income, spent on each of these products yields the equal marginal utility. For example if one product yields more marginal utility per marginal dollar spent, the consumer should reallocate their income so they consume more of this product and less of others, so much so that the utility derived from this product equals utility derived from other products.
Utility is maximized when these marginal utilities per marginal dollar spent coincide.
Hope that helps.
Answer:
9.05%
Explanation:
The formula that would be used to fund the interest rate =
[(FV / PV)^1/N ] - 1
FV / PV = Future value/ present value = 2 (The investment offers to double the investment)
M = 5 (30 months / 6 months )
(2 ^1/8) - 1 = 0.090508 = 9.05%
I hope my answer helps you
Answer:
(A) debit Cash; credit Dividend Revenue
Explanation:
As Blanton Corporation has 35% investment in Worton Corporation, the dividend received from Worton Corporation will be recorded as Dividend Income / revenue. Cash received in the form of dividend will be debited to the cash account. Dividend is the income on the investment so it will not effect the original investment balance.
I would say this is most likely because not all sexual partners will find a suitable partner to reproduce their kind with so if they have a high fertility rate that is only theoretical fecundity whereas true fecundity is when the two partners have sexual intercourse and a baby ensues.