A. Which of the following investment categories has the long term average return highest (a) Bonds (b) Cash (c) Stocks (d) They are all about the same B. Y $88,000+$7.20x. In this equation, Y represent (a) A fixed cost Function (b) A Mixed cost Function (c) A Step cost Function (d) A Variable cost Function C. An unfavorable variance occurs on a performance report when (a) the actual cost is less than the budgeted cost (b) the actual revenue is greater than the budgeted revenue (c) the actual profit is greater than the budgeted profit (d) the actual revenue is less than the budgeted revenue D. Amounts owed to vendors for purchases on credit are called Amounts due from customers for credit sales are called (a) accounts payable; notes receivable (b) notes payable; notes receivable (c) accounts payable; accounts receivable (d) debt payable; debt receivable