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In the State Court system, the Intermediate Court of Appeals have appellate jurisdiction. What is the federal equivalent to the state Intermediate Court of Appeals?
Flexible Budget
A budget that adjusts to changes in activity or production levels, allowing for more accurate budgeting.
Actual Results
The actual outcomes or figures achieved by a business, contrasting with forecasts or budgeted amounts.
Revenue Variance
The difference between the actual revenue for the period and how much the revenue should have been, given the actual level of activity. A favorable (unfavorable) revenue variance occurs because the revenue is higher (lower) than expected, given the actual level of activity for the period.
Sales Revenue
The income received from selling goods or services over a period of time.
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