a budget that is prepared before the beginning of the period for a specific level of activity is called aA) rolling budgetB) operating budgetC) flexible budgetD) static budget

Answers

Answer 1

Answer:

A budget that is prepared before the beginning of the period for a specific level of activity is called a static budget.

A static budget is a traditional budget that outlines the planned revenues and expenses for a given period based on a single level of activity. It is typically prepared at the beginning of the fiscal year or planning period and is based on the assumption that the activity level will remain constant throughout the period. The static budget is useful in providing a clear financial plan for the organization, allowing management to determine the resources that are required to achieve specific goals.

However, one of the limitations of a static budget is that it does not account for changes in activity levels, making it difficult for management to adjust to changing conditions. This is where flexible budgets come into play, which are designed to adjust for changes in activity levels and provide more accurate financial projections.

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Benefits of a health growth of gdp

Answers

Growth in GDP refers to rise in per capita income of the country
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Jane is 22 years old. for her job, she needs to take an intelligence test. which would be the most appropriate test for her age group? (1 point)

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The most appropriate intelligence test would be the WAIS IV test. This test is used for anyone between the age of 16 and 90 years old. It is frequently used to test adults and older adolescents. This intelligence test can be used for many different purposes (anything from job qualifications to treating psychological disorders).

Interest is the cost of borrowing.
a. True
b. False

Answers

Interest is defined as the amount paid regularly at an agreed rate for the use of money lent. Depending on the agreement of both parties, interest is for the delayed repayment of a debt. So, to answer the question above: True.

What does Extarnality mean?

Answers

Externality is divided into 2 parts:
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Assigning indirect costs to specific jobs is completed by which of the following?A. applying the costs to manufacturing overheadB. using the predetermined overhead rateC. using the manufacturing costs incurredD. applying the indirect labor to the work in process inventory

Answers

Assigning indirect costs to specific jobs is completed by using the predetermined overhead rate. The answer is B.

Once the predetermined overhead rate is established, it is applied to each job based on the actual amount of the allocation base used by that job. This ensures that indirect costs, such as rent, utilities, and supervision, are allocated to each job in a fair and accurate manner.

By using the predetermined overhead rate, companies can determine the true cost of each job, which is essential for accurate pricing decisions and for determining the profitability of each product or service.

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A mortgage company charges borrowers a 1.5% loan origination fee. A house is purchased for $210,000, with a $50,000 down payment. The buyer applies for a mortgage to cover the balance. What will the mortgage company charge as a fee if the asking price of the house was $235,000? a. $2,400 b. $3,150 c. $3,525 d. $3,750

Answers

Answer:

C. 3525

Explanation:

To calculate the mortgage company's fee, you first need to determine the mortgage amount, and then apply the 1.5% loan origination fee.

The purchase price of the house is $235,000.

The buyer makes a $50,000 down payment.

To find the mortgage amount:

Mortgage Amount = Purchase Price - Down Payment

Mortgage Amount = $235,000 - $50,000

Mortgage Amount = $185,000

Now, you can calculate the loan origination fee:

Loan Origination Fee = (Loan Amount) x (Loan Origination Fee Rate)

Loan Origination Fee = $185,000 x (1.5/100)

Loan Origination Fee = $185,000 x 0.015

Loan Origination Fee = $2,775

So, the mortgage company will charge a loan origination fee of $2,775.

The closest answer choice to this amount is:

c. $3,525

However, this does not match the calculated amount of $2,775. It's possible that there is an error in the answer choices provided. The correct answer based on the calculation should be $2,775, not one of the answer choices provided.

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