-Refer to the Information Above to Answer This Question

question 125

Multiple Choice

-Refer to the information above to answer this question.By how much have prices risen from 2014 to 2018?

• A)9.6%
• B)10.7%
• C)11.8%
• D)22.3%
• E)122.3%

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Definitions:

Spending Variance

The difference between the actual amount of money spent and the budgeted amount in a given period.

Occupancy Costs

Expenses related to occupying a space, including rent, utilities, and other facility-related costs.

Spending Variance

The difference between the actual spending and the budgeted or planned spending in a given period.

Revenue Variance

The difference between the actual revenue earned and the expected revenue according to budget.