Answer:
a. the difference between actual and budgeted fixed overhead costs.
Explanation:
As we know that
The variance is shows the difference between the actual amount and the budgeted amount or estimate amount
So, the total fixed overhead variance is the difference between the actual fixed overhead costs and the budgeted fixed overhead costs i.e to be fixed in nature
Hence, the first option is correct
Answer:
competition, goodwill with trade partners, and importation of goods
Explanation:
protectionism raises the cost of imported goods
Answer:
b. An oral statement such as this is not enforceable because it is outside the Statute of Frauds.
Explanation:
The statute of frauds (SOF) is a legal concept that requires certain types of contracts to be executed in writing. Among others, these typically include those for the sale of land, of any goods over $500 in value, and contracts of a year or more in length.
The contracts that must adhere to the statutes of fraud are Collateral contracts in which a person promises to answer for the debt or duty of another, or guaranty contracts are required to be written. Prenuptial agreements and promises made in consideration of marriage must adhere to the statute of frauds.
<u>Solution: </u>
The following are the correct and incorrect options
<u>Correct option</u>: Households used to save and those savings are utilized for investment through the intermediaries like bank. Firms and governments take those funds for their investment acts.
<u>Correct option</u>: Foreigner can invest in the US (suppose foreign direct investment) but can’t save here, since there is difference in currency (suppose a foreigner earns in pond can’t save in US dollar).
<u>Other options are not correct:
</u>
<u>Incorrect option</u>: Savings means personal savings, which are not yet kept into a bank.
<u>Incorrect option</u>: such purchases are investments but not savings.
Answer:
a) $28 Million
b) -$24 Million
Explanation:
The first part of the question is to determine the pension liability tht should be reported in the balance sheet
To do this, we use the following formula
Projected Benefit Obligation - The Plan Assets
= $65 million - $37 Million = $28 Million
Part B) This part says to dettermine the amount JDS would report if the planned asset increase to $89 million
The formula Projected Benefit Obligation - The Plan Assets still should be used but there is a difference as follows
$65 million - $89 Million = -$24 Million
