Which of the Following May Appear on a Flexible Budget

question 97

Multiple Choice

Which of the following may appear on a flexible budget performance report?

• A) An unfavorable activity variance.
• B) A favorable revenue variance.
• C) An unfavorable spending variance.
• D) All of the above may appear on a flexible budget performance report.

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Definitions:

Assigned Receivables Financing

A financing method where a company uses its accounts receivable as collateral to receive a loan or advance.

Accounts Receivable Factoring

A financial deal in which a company trades its outstanding invoices to an external entity at a reduced price to get cash instantly.

Wholesale Nursery

A business specializing in growing plants in bulk for sale primarily to retailers, landscapers, and other businesses, rather than directly to the public.

Retail Outlets

Stores or shops that directly sell goods or merchandise to consumers.