Answer:
The correct answer to the following question will be Option C.
Explanation:
- A Cost variance seems to be the gap and difference between the expected expenditures incurred as well as the projected regular expenditures at just the start of such a time frame.
- Such variances have been used by administrators to assess and monitor the progress including its supply chains, expenditures as well as other activities.
⇒ Cost variance = Actual cost - Standard cost
Some other available options have no connection with the given case. So choice C seems to be the perfect solution to that.
Answer:
update the right-of-use asset for the increase in present value
reclassify from an operating lease to a finance lease
Explanation:
In the given instance there is a modification to the lease contract after 2 years of the 3 year lease.
Taylor Company and Lease Corp. agree to extend the lease term by three years, and to change the amount of lease payments.
Financial lease is one that confers a form of ownership of the lessee. He does not only have operational control of the equipment but also bears gains or loss from change in the value of the asset.
The new lease agreement covers most of the useful life of the equipment so it confers some degree of ownership to Taylor company. There is a need to reclassify the lease as a financial lease.
The present value of the asset has also increased has also increased so the right of use should be upgraded
Answer:
A) storage cost
Explanation:
Storage cost -
It is the amount spend on the maintenance of the storage or holding of the inventory .
From the question ,
The multinational company , Oreva , pays $100,00 per year to the It firm , i.e. , the information technology firm , so as to maintain and secure all of its data and storage .
hence , from the question ,
The correct term according to the information of the question is A) storage cost .
Answer:
The boss is correct.
Explanation:
Under Sarbanes-Oxley Act, a rules-based approach to corporate governance and reporting is used. It is based on the view that companies must be
required by law (or by some other form of compulsory regulation) to comply with established principles of good corporate governance.
Except in the instances of exceptions provided in the act, company has no choice than to comply regardless of the cost implication because non-compliance is punishable under the act. Sometimes, it is called tick box approach
This is contrary to what is obtainable in a principled-based approach where allowance is given for explanation in the event of possible con-compliance.
Answer:
The correct answer is option A.
Explanation:
The imposition of tax creates a tax wedge. The price paid by buyers increases and price received by sellers decreases. This causes the equilibrium quantity of products to decrease.
Though, the change in quantity depends upon the elasticity of demand and supply. If both demands are inelastic and the increase in price will cause the quantity demanded to decrease less than proportionate.
If the supply is inelastic, a decrease in price will cause less than a proportionate decline in quantity supplied.
So when both the supply as well as demand is inelastic, the tax revenue will be the most.