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defon
3 years ago
5

A spending variance is the difference between the amount of the cost in the static planning budget and the amount of the cost in

the flexible budget. True or false?
Business
1 answer:
makkiz [27]3 years ago
3 0

Answer:

False

Explanation:

Spending Variance is best described as the rate of difference in actual and budgeted quantum. It is the difference calculated using standard rate, actual rate and actual quantum of activity.

As, for labor spending variance = (Standard Rate - Actual rate per hour) \times Actual Labor hours.

For Material spending variance = (Standard price per unit - Actual Price per unit) \times Actual quantity used.

Thus, it is never the difference between total cost between static and flexible budget.

Therefore, the stated statement is False.

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Investors in closed-end funds who wish to liquidate their positions must a.sell their shares to other investors. b.sell their sh
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Answer:

The correct answer is letter "A": sell their shares to other investors.

Explanation:

Closed-end funds are pools of assets that at the beginning raise a fixed amount of income thanks to an <em>Initial Public Offering</em> (IPO) and later on trades in a public stock exchange. Close-end funds are said to provide higher returns than open-end funds. <em>When investors have a position with a closed-end fund, to exit it the number of shares held must be sold to another investor.</em>

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3 years ago
Clean Tel, Inc. is considering investing in an 11-year project with annual cash inflows of $1,000,000. These cash inflows have a
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Answer:

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3 years ago
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A common market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among member nations.

<h3>Why was the common market formed?</h3>

Through the removal of the majority of trade barriers and the development of a unified external trade strategy, the EEC was created with the goal of establishing a common market among its members. In order to shield EEC farmers against agricultural imports, the treaty also called for the creation of a unified agricultural policy, which was implemented in 1962.

A free trade zone with a reasonably unrestricted circulation of goods and services is referred to as a common market. When it was a regional organization from 1958 to 1993, the European Economic Community was known as the "Common Market."

In a customs union, all or almost all of a country's imports, exports, and transiting commodities are subject to the same set of processes, regulations, and tariffs. Customs union participants typically have similar trade and competition laws.

Learn more about Common market here:

brainly.com/question/15242077

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7 0
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