Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
answer 39 and 40 quickly Question 39 Not yet answered Marked out of 1.00 Flag question Company 1 has Profit Margin of 8.2% and a
answer 39 and 40 quickly Question 39 Not yet answered Marked out of 1.00 Flag question Company 1 has Profit Margin of 8.2% and a gearing ratio of 67.2%. Company 2 has Profit Margin of 6.3% and a gearing ratio of 53.4%. Based on these ratios, what is generally not true about these two companies Company 1 has high amount of borrowed funds Company 2 has lower profitability and higher risk. Company 2 has lower profitability and lower risk Company 1 has higher profitability and higher risk. Question 40 Question 40 Not yet All of the following are the elements of Budgetary Control except: answered Marked out of 1.00 P Flag question Revision of budgets when the circumstances change. Formulation of Strategic objectives Regular comparison of the actual performance with the budget Corrective action, if there is a variation of the actual performance from the budgeted performance
answer 39 and 40 quickly
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started