Question
The primary difference between a Fixed Budget and a
Flexible Budget is that a Flexible Budget:Solution
A fixed budget is static and prepared for one level of activity. A flexible budget, by definition, is designed to change (flex) with the volume of output or activity, enabling more meaningful performance evaluation by comparing actuals with budgeted figures for the actual level of activity achieved.
A certain sum of money will be doubled in 4 years at the rate of simple interest percent per annum is:
A certain amount becomes Rs. 7,680 in 6 years and Rs. 9,120 in 9 years on simple interest. Determine the rate of interest per year.
The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest p.a.?
A shopkeeper marked an article ‘A’ 60% above the cost price and sold it for Rs. 2016 after giving a certain discount while he sold an articl...
What is the difference between the simple interest earned on an investment of Rs. 16,200 for 5.5 years at an annual interest rate of 8%, and the total a...
At what rate percent per annum will Rs. 75,000 yields a compound interest of Rs. 6,120 in 6 months if the interest is being compounded quarterly? Calcul...
A man invested Rs. 6,000 at simple interest of 'x%' p.a. and received Rs. 12,000 after 2 years. If he had invested Rs. 30,000 at simple interest of 'x%'...
A man invested a certain amount of sum at 10% per annum simple interest and earned an interest of Rs. 3000 after 5 years. If the same amount is i...
A and B started a business with initial investments of Rs. 28000 and Rs. 35000 respectively. After one year, a profit of Rs. 10000 is earned. A being a ...
An individual borrowed Rs. 9,600 at 13% p.a. and another Rs. 6,400 at 11% p.a., both on simple interest. If the total interest after ‘n’ years is Rs...
