The Chesapeake Oyster Company completed the flexible budget analysis for the second quarter, which is given below.
Which of the following statements would be a correct factor to explain the flexible budget variance for sales revenue?
A) decrease in sales price per unit
B) increase in variable cost per unit
C) increase in sales volume
D) increase in fixed costs
A) decrease in sales price per unit
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Which of the following statements regarding horizontal analysis is false?
A) Horizontal analysis can include more than two years of financial data. B) Horizontal analysis is facilitated by computing dollar and percentage changes in financial statement items. C) Horizontal analysis analyzes ratio differences occurring between companies. D) Horizontal analysis can include the statement of cash flows.
A ________ is a situation in which one corporation acquires all the shares of another corporation, and both corporations retain their separate legal existence
A) reverse takeover B) merger C) share exchange D) spin-off
Which is the BEST choice for the first sentence of a sales message?
a. An acknowledgment of the receiver's interest in your product b. A description of your product c. An astonishing fact related to your product d. The price of your product and easy steps for taking action
The Martin Company reported net income of $15,000 on gross sales of $80,000. The company has average total assets of $135,000, of which $102,000 is property, plant and equipment. What is the company's return on investment? (Round your final answer to 1 decimal place.)
A. 14.7% B. 11.1% C. 12.5% D. 18.8%