Ask Question
BusinessBusiness
31 December, 19:34

Select the correct statement regarding flexible budgets.

A. A flexible budget can only be prepared for a single level of activity.

B. A flexible budget is not used for planning.

C. A flexible budget shows expected revenues and costs at a variety of activity levels.

D. A flexible budget is also known as the master budget.

+2
Answers (1)
  1. 31 December, 19:54
    0
    C. A flexible budget shows expected revenues and costs at a variety of activity levels.

    Explanation:

    A fkexible budget is a plan that you adjust according to changes in activity, for example, when costs vary with the changes in volume. This type of budget is adapted in regards to the organization's needs and it can be used for the whole company or a specific department. Also, the flexible budget is used to adjust the master budget to the current volume. According to this, the answer is that a flexible budget shows expected revenues and costs at a variety of activity levels.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Select the correct statement regarding flexible budgets. A. A flexible budget can only be prepared for a single level of activity. B. A ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Determine which of the following bags of chips of comparable quality has the lowest per-unit cost and, thus, is the best buy. A. Brand A, 8 oz. bag for $3.60 B. Brand B, 10 oz. bag for $3.90 C. Brand C, 16 oz. bag for $6.50 D. Brand D, 1 oz.
Answers (1)
How did consumers weaken the economy in the late 1920s? a. Consumers only bought a limited number of products. b. Consumers bought too many goods they could not afford. c. Consumers refused to pay high prices for agricultural goods. d.
Answers (1)
When a company produces goods for sale, those goods must be - created in ways that meet consumer demand. designed in ways that are highly creative. priced lower than the goods sold by another company. created in quantities that are relatively scarce.
Answers (1)
Most activities in contemporary life have become more formalized because: A. there has been an increase in complex organizations. B. there has been a decrease in complex organizations. C. the traditional organization structure has become obsolete. D.
Answers (1)
Assume the market basket for the consumer price index has two products-bread and milk-with the following values in 2013 and 2018 for price and quantity: The Consumer Price Index for 2018 equals : A. 118 B. 116 C. 86 D. 85
Answers (2)
New Questions in Business
On June 1, Davis Inc. issued an $84,000, 5%, 120-day note payable to Garcia Company. Assume that the fiscal year of Garcia ends June 30.
Answers (2)
You invest $50,000 now and receive $10,000 per year for 15 years starting at the end of the first year.
Answers (1)
A high school currently require students to purchase a parking pass in order to park in the parking lot, but for the coming year they are considering letting all students park for free.
Answers (2)
An oligopolistic market structure is distinguished by several characteristics, one of which is a difficult entry. Which of the following are other characteristics of this market structure? Check all that apply. a. Market control by many small firms.
Answers (1)
Who should you' alert that you are interviewing for jobs? A. Your references B. Other possible employers C. Your classmates D. Your present employer
Answers (1)
Home » Business » Select the correct statement regarding flexible budgets. A. A flexible budget can only be prepared for a single level of activity. B. A flexible budget is not used for planning. C.
Sign Up Forgot Password?