Burruss company developed a static budget at the beginning of the company's period bases on an expected volume of 8,000 units: revenue $4.00 per unitvariable costs $1.50 per unitcontribution margin $2.50 per unit fixed costs $2.00net income $0.50if actual production totals 10,000 units which is within the relevant range, the flexible budget would show fixed costs of:

The activity of providing goods and services involving financial and commercial and industrial aspects.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan