Question: 1. Explain the differences between fixed and flexible budgets and their relevance in evaluating operational performance. (8 marks) 2. Describe the two main objectives of

1. Explain the differences between fixed and flexible budgets and their relevance in evaluating operational performance. (8 marks)

2. Describe the two main objectives of working capital management? (4 marks)

3. By use of relevant examples, explain the following terms:

a. floating lien. (4 marks)

b. trust receipt loan. (4 marks)

c. warehouse financing. (4 marks)

4. Explain any three functions of the money market. (6 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 Differences between Fixed and Flexible Budgets Fixed Budget A fixed budget is prepared based on a single level of activity and remains unchanged reg... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Multiple Choice Questions: 1) The operating income of Jut ox Inc. is $40,000 for March using both variable costing and absorption costing. Which of the following statements must be true of Jut ox for...

A probability distribution can be written in formula notation such as P(X)= 1/X, where X = 2, 3, 6. The distribution is shown as follows: For Exercises write the distribution for the formula and...

Describe how to construct the function cpo ((D E), v) of two cpos (D, vD) and (E, vE). Prove that ((D E), v) is a cpo. (You may use facts about least upper bounds provided you state them clearly.)...

Generics, Inc. is a U. S. GAAP reporter that manufactures and sells generic drugs and has a December 31 year-end. On March 1, 2014, it began selling a drug, Anocyn, which is a generic of Dicital....

For the following situations, would you use the direct or indirect organizational plan for a written message? When you choose an organizational plan, youre making assumptions about your readers and...

If a high-tech firm wanted to set up operations in Iran, what steps might it take to ensure that the subsidiary would not be expropriated? Identify and describe three strategies that would be...

2.15 You are given n = 8 measurements: 4, 1, 3, 1, 3, 1, 2, 2. a. Find the range. b. Calculate x. c. Calculate s and s using the computing formula. d. Use the data entry method in your calculator to...

Green Gadgets Inc. is trying to decide whether to cut its expected dividends for next year from $8 per share to $5 per share in order to have more money to invest in new projects. If it does not cut...

Assume that Midtown Clinic has the following cost structure: Fixed costs $750,000 Variable costs per visit$25 Revenue per visit $150 The clinic's utilization is 8,000 visits per year. Answer the...

Please review the table and theprovide 7 bulleted statements for factsonly that you found interesting. | onlyneed 1 or 2 sentences for each bullet. |don't need long explanation. Pleasereview the...

Describe Hofstede's Cultural Framework AND list and describe the four dimensions of the framework? Describe the GLOBE Framework AND list the six leadership profiles that the GLOBE Framework...

PART B Question 2 (18 marks) M. H. Acosta, CA, completed these transactions during November of the current year: Nov. 1 Nov. 2 Nov. 4 Nov. 8 Nov. 10 Nov. 14 Nov. 18 Nov. 27 Nov. 30 Began a public...

(a) In general, why are any of the bagging, boosting, & random forest approaches typically preferred to a single model approach? (b) How does Random Forest approach differ from Bagging approach?

Based on the figure below, which country has the riskiest surplus/deficit as a percentage of GDP ratio? Italy Netherlands Switzerland

Describe an instance of Strategic Corporate Philanthropy. Please include the following elements: What type of philanthropy did they engage in? Who were the recipients? Why was it strategic? Make sure...

You are the most creative analyst for Saltwater Logistics Corp., and your admirers want to see you work your analytical magic once more. 2016 Actual Results $2,080 Earnings before interest and taxes...

Interview managers at three companies in your area about their use of ERP. How have their experiences been similar? What accounts for the similarities and differences?

The text Web site provides data on rates of return for selected mutual funds. Choose 20 actively managed funds and rank them by their average returns over the period 2000-2004. Then rank the same...

Suppose you hold most of your wealth in stock. What kinds of options should you buy or sell in each of the following circumstances? a. You think the stock market will probably do well, but you worry...

Suppose that, at a certain real exchange rate, a countrys net exports exceed its net capital outflows. Is the equilibrium exchange rate higher or lower than this level? Explain both in words and with...

=+ Propose an ethical solution that considers the welfare of all stakeholders.

=+4. A day trader buys an option on a stock that will return $100 profit if the stock goes up today and lose $400 if it goes down. If the trader thinks there is a 75% chance that the stock will go up,

=+a) What is her expected value of the options profit?