A positive net present value indicates that the capital budget project being considered has a return that exceeds the discount rate which is described as a company’s minimum required rate of return.

Airline One uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $40,890 per month plus $2,779 per flight plus $17 per passenger. The company expected its activity in December to be 95 flights and 307 passengers, but the actual activity was 98 flights and 310 passengers. The actual cost for plane operating costs in August was $262,190.The plane operating costs in the planning budget for August would be closest to:

A performance report includes the activity, revenue and spending variances to compare actual amounts and planned amounts to the flexible budget.

Theory Test Section Two: Music Theory This is the Theory section of the test – section 2. There are 60 Questions.  You should plan to spend about 35 Minutes on this section. You may not use any aids or switch screens during this section. Answer with the ONE answer which is most correct.

​“Daddy, can you help me get dressed?” Boris asked his father. “You can put on your pants and socks by yourself, but I’ll help with your shirt and shoes,” his father said. From Vygotsky’s theory, Boris’s father is using ____ when he does not give his son help on skills that his son has already mastered.

​A nursing one-month-old infant may grasp crudely at his mother’s breast while feeding. That same child at the age of one year will probably easily hold a bottle or cup, placing it to his lips, and then putting it down when he is done. This change in ability to use the hands and fingers demonstrates advances in

​Three-year-old Maxim is playing with his toys happily as his mother is watching a movie. He looks up to see a few tears running down his mother’s cheeks, because a sad scene just occurred in the film. He puts down his toys, climbs up next to his mother, and lays his head on her arm. When she asks him what’s wrong, he says, “I’m sad, Mommy.” Maxim has demonstrated the capacity to experience

Morgan’s 23rd chromosome pair consists of an X chromosome and an X chromosome. This indicates that Morgan:

​Matthew sees that one of his kindergarten classmates is unhappy today because nobody is playing with him. Matthew walks over to his classmate and asks if they can play together, which they do until the teacher calls for music time. Matthew’s actions demonstrate ____ behavior.

​When Maurice’s father walks through the door after the end of a long day at work, Maurice jumps up, claps his hands, and runs to see Daddy. Lately, though, he has been dropping his toys and getting excited when he hears his father’s keys in the lock. The fact that the response has changed stimuli is a demonstration of