Applicant Selectivity: Medium. When determining how difficult it is for students to get into University of North Carolina at Charlotte, ACT/SAT test scores and high school average GPA ranges of accepted students of previous years can help estimate the selectivity of a school. score in the range of 1450 to 1710 on the SAT exam, or 20 to 25 on the ACT exam is among the 25th - 75th percentile range among accepted students.
A budgeted income statement provides useful information for making these decisions. Budgeted operating income and budgeted net income both appear on the budgeted income statement. The operating income refers to money earned through operational activities. Net income refers to money earned from all activities. Budgeted operating income provides more value to the business owner as she considers the income generated from the primary business rather than additional activities.
Actual revenue is higher than budgeted revenue. Based on a predicted level of production and sales of 12,000 units, a company anticipates reporting operating income of $26,000 after deducting variable costs of $72,000 and fixed costs of $10,000. $10,000 of fixed costs and $90,000 of variable costs.