Resse is analyzing her actual income and expenses and comparing the results to her annual budgeted amounts.
Fantastic news! We've Found the answer you've been seeking!
Question:
Expense | Higher / (Lower) than planned |
Utilities | $900 |
Groceries | ($200) |
Recreation | $700 |
Clothing | $400 |
Which statement is true?
- Resse had a negative forecasting error of $300.
- Ressehad a negative forecasting error $200.
- Resse had a positive forecasting error of $1,700.
- Resse had a positive forecasting error of $500.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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