Answer:
According to the information provided is possible to conclude that in both options the indicators are understated
Explanation:
(a) Rent revenue (or revenues) will be understated. Net income will be understated.
(b) Retained earnings at the end of the period will be understated. Unearned rent (or liabilities) will be overstated.
Answer:
Budgets
Explanation:
Budgets are prepared for a future date and it creates a basic estimate and projection of future income and expenditures.
The income statement is prepared which presents the income and expenditure for a period which has lapsed.
Basically for a period that is past now. When future projections are created based on analysis and expectations then it is called budget.
Budgets reflects the expected performance of the company in the near future, based on the estimate about what the company members can perform.
The policymaker domicile in a country can incorporate the Domestic Climate Policy Framework into a widely accepted environmental policy by suggesting their legislation to the international communities.
<h3>What is a Domestic Climate Policy Framework?</h3>
As part of the Framework Convention on Climate Change, theClimate Policy Framework sets out the basic legal framework and principles for international climate change cooperation.
The framework have a goals of stabilizing atmospheric concentrations of greenhouse gases to avoid “dangerous anthropogenic interference with the climate system.
Hence, the legislators (policymaker) domicile in a country can incorporate the Domestic Climate Policy Framework into a widely accepted environmental policy by suggesting their legislation to the international communities.
Read more about Climate Policy
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Answer:
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Explanation:
You have to apply the rate to each activity level.
for example
DL rate 1.20 x 7700 = 9240
The fixed cost remains constant.
