Answer: The ability to see risks that are not predicted and accessing funds from financial institutions
Explanation:
Here are some of the benefits of well-prepared risk management policy statement;
1) The ability to see risks that are not expected; a team of experts would be engaged to identify and give an overview of all forms of risk that could be possibly involved.
2) The organization attracts credit easily; Organisations attract credit from financial institutions when they are able to provide assessments that they carried out regarding risks. This gives the client's confidence that they can entrust their finance to the organization due to the firm have considered all forms of pending failures and that which would occur.
Answer:
The amount Clydesdale should report as a deferred tax liability at December 31, 2017 is $214,840
Explanation:
The computation of the deferred tax liability is shown below:
= 2018 difference × Enacted tax rates + 2019 difference × Enacted tax rates + 2020 difference × Enacted tax rates
= $42,000 × 34% + $244,000 × 34% + $294,000 × 40%
= $14,280 + $82,960 + $117,600
= $214,840
We considered the difference of each year and its enacted tax rates. Th depreciation is not relevant. Hence, we ignored it
Answer:
The amount in September would Excom debit Product Warranty Expense is $805
Explanation:
According to the given data In order to calculate the amount in September would Excom debit Product Warranty Expense we would have to make the following calculation:
Product warranty expense
= 700 radios * 5% * cost per radio $23
Product warranty expense
=35*$23
Product warranty expense
=$805
The amount in September would Excom debit Product Warranty Expense is $805
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
