At Polar Sportswear, orders have significantly exceeded projections, and Chris, the operations director, has decided to hire for a third shift in the plant. Chris is clearly operating with the use of a(n) ______ budget.
A. zero-based
B. incremental
C. cash
D. fixed
E. variable
E. variable
Also known as a flexible budget, a variable budget allows the allocation of resources to vary in proportion with various levels of activity. That is, the budget can be adjusted over time to accommodate pertinent changes in the environment.
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Which of the following amounts could differ if a company, using the LIFO inventory costing method, shifts from a periodic inventory system to a perpetual inventory system?
A) ending merchandise inventory B) sales revenue C) purchases D) purchase returns
The term sojourners refers to
a. people who are sent to work in foreign countries but return early. b. people who go through training programs before they enter another country. c. people who visit or reside temporarily in another country. d. groups of people who commiserate about the difficulty of doing business in Asia.
Sam and Sandy have an agreement whereby Sam will build a house on Sandy's beachfront lot
Before construction begins, Sandy changes her mind and decides she would rather build an addition onto her home in Baltimore. She discusses this with Sam, and they agree that he would build the addition to her home and not build the beach house. In this case, Sandy and Sam have: A) Entered into an accord and satisfaction that will discharge the original contract only upon performance of the second contract. B) Entered into a substituted contract that will discharge the original contract upon formation of the second contract. C) Entered into a substituted contract that will discharge the original contract only upon performance of the second contract. D) Exercised a force majeure clause that will discharge the original contract only upon performance of the second contract.
A court may, at times, discharge a party who has not performed
a. True b. False Indicate whether the statement is true or false