Solitaire Company's fixed budget performance report for June follows. The $330,000 budgeted expenses include $272,800 variable expenses and $57,200 fixed expenses. Fixed bidget Annual results Variance
Sales (in units) 8800 11,200
Sales (in dollars) $440,000 $560,000 $120,000F
Total expenses 330,000 392,000 62,000U
Income from operations 110,000 168,000 58,000F

Required:
Prepare a flexible budget performance report showing any variances between budgeted and actual results. List fixed and variable expenses separately.

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.