A flexible budget:. a. parallels a static budget with respect to format and advantages of use.
b. is preferred over a static budget in the evaluation of performance.
c. gives management flexibility in terms of meeting budget goals.
d. can be used to compare actual and budgeted costs at various levels of activity.
e. is both preferred over a static budget in the evaluation of performance and can be used to compare actual and budgeted costs at various levels of activity.

Select the word from the list that best fits the definition sometimes

Six years ago, an 80-kw diesel electric set cost $160,000. the cost index for this class of equipment six years ago was 187 and is now 194. the cost-capacity factor is 0.6. the plant engineering staff is considering a 120-kw unit of the same general design to power a small isolated plant. assume we want to add a precompressor, which (when isolated and estimated separately) currently costs $13291. determine the total cost of the 120-kw unit. (hint: skip $ and comma symbols)

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year