Question: Chapter 18 1. List and explain the three types of flexible budget variance. Chapter 19 2. Estimates play an important role in finance. List and

Chapter 18

1. List and explain the three types of flexible budget variance.

Chapter 19

2. Estimates play an important role in finance. List and explain the four common uses of estimates.

Chapter 20

3. Compare and contrast the difference between the retrospective analytics approachand the predictive analytics approach to data analytics.

Chapter 21

4. Knowledge of statistical and mathematical terms is very important in finance. Explain the difference in the field of mathematics and the discipline of statistics.

Chapter 22

5. Organizations determine whether to take on debt and how much to take on are common and necessary parts of financial planning. Explain the sources of capital that are available to an organization to obtain funds.

Chapter 23

6. Explain why an organization should buy or lease when purchasing equipment.

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