A Budget Performance Report Shows Budgeted Amounts, Actual Amounts, and Differences

question 4

True/False

A budget performance report shows budgeted amounts, actual amounts, and differences between budgeted and actual amounts.

Acquaint with drafting standards and the organizations that set these standards.

Understand the concept of orthographic projection and its application.

Comprehend the role of symbols in indicating projection types on drawings.

Identify the elements shown in different drawing views.

---

Definitions:

Annual Net Cash Flows

This term refers to the amount of money that flows in and out of a business over a year after all expenses have been accounted for.

Expected Total Cash Flows

An estimation of all cash inflows and outflows associated with an investment over its expected life, used to gauge its profitability.

Average Rate of Return

A financial ratio indicating the average annual return earned through an investment over its lifetime, expressed as a percentage of the initial investment cost.

Net Income

The total earnings of a company after subtracting all costs and expenses from revenue.