Answer:
Actual Operating costs $231,250
Planned Operating Costs budgeted = $ 235058
Planned Operating Costs at actual level = $ 232430
Explanation:
The Planned costs are the costs estimated at the planned level of activity.
The actual costs are costs that actually occur.
But flexible costs are those which are planned ( determined) at actual level of activity.
Canniff Air
Actual Planned
Operating costs $231,250
The cost formula for plane operating costs is $56,960 per month plus $2,634 per flight plus $6 per passenger.
Planned Operating Costs= $56,960+ 2634 *67 flights + 6*270 passengers
= $ 56960 + 176478+ 1620
= $ 235058
Actual Operating Costs = $56,960+ 2634 *66 flights + 6*271 passengers
= $ 56960 + 173844+ 1626
= $ 232430
We put the values in the given formula to obtains these costs both planned and actual.
Compensation package for an expatriate is the combination of many types of payments or reimbursements and must take into consideration exchange rates and inflation.
<h3>What is compensation package?</h3>
Compensation package can come in form of monetary payment given to an individual or employee.
This can be money accrued over a long time.
Therefore, compensation package for an expatriate is the combination of many types of payments or reimbursements and must take into consideration exchange rates and inflation.
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When the economy is in a recession, from a Keynesian perspective, the government can increase its spending with minimum risk of crowding out private investment.
Keynesian macroeconomics argues that the answer to a recession is expansionary financial coverage, which includes tax cuts to stimulate consumption and funding or direct increases in government spending that might shift the aggregate call for the curve to the right.
Keynesians believe that, because expenses are particularly rigid, fluctuations in any aspect of spending—consumption, investment, or government expenditures—motivate output to change. If government spending will increase, for instance, and all other spending components continue to be constant, then the output will boom.
Keynesian economics is primarily based on two most important ideas. First, a combination call is more likely than a mixture delivers to be the primary motive of a short-run monetary event like a recession. Second, wages and charges can be sticky, and so, in a monetary downturn, unemployment can result.
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Answer:
c. Kena recognizes a gain of $30,000
Explanation:
cash 650,000 debit
land 250,000 credit
gain at disposal 350,000 credit
liabilities 500,000 debit
cash 500,000 credit
Then, the company will close all account and leave kena account with a capital of 150,000 to mathc the remaining 150,000 cash
as her basis is 120,000 there will be a gain for 30,000
The type of situation that describe a situation where government does not impose quotas on what can be imported is known as free trade.
<h3>What is free trade?</h3>
Free trade is an agreement between two or more countries to remove trade barriers or restrictions . This enable member countries trade freely without any impediment to import and export of goods.
Countries come together to promote their goods and services by taking away any thing that could hinder import and export of goods among member nation. This bring about increased efficiencies.
Hence, the type of situation that describe a situation where government does not impose quotas on what can be imported is known as free trade.
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