Brabham Enterprises manufactures tires for the Formula 1 motor racing circuit. For August 2017, it budgeted to manufacture and sell 3,000 tires at a variable cost of $73 per tire and total fixed costs of $53,000.
The budgeted selling price was $115 per tire.
Actual results in August 2017 were 2,900 tires manufactured and sold at a selling price of $116 per tire.
The actual total variable costs were $229,100 and the actual total fixed costs were $50,000.
Required:
1. Prepare a performance report that uses a flexible budget and a static budget.
Begin with the actual results, then complete the flexible budget columns and the static budget columns.
Label each variance as favorable or unfavorable.
Budget ActualVariances
Units sold
Revenues
Variable costs
Contribution margin
Fixed costs
Operating income
2. Comment on the results in #1.

Match the given situations to the type of risks that a business may face while taking credit.(there's not just one answer)1. beta ltd. had taken a loan from a bankfor a period of 15 years, but its salesare gradually showing a decline.2. alpha ltd. has taken a loan for increasing its production and sales,but it has not conducted any researchbefore making this decision.3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession.4. delphi ltd. has taken a short-term loanfrom the bank, but its supply chain logistics are not in place.a. foreign exchange riskb. operational riskc. term of loan riskd. revenue projections risk

According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses

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