The domestic variety is cheaper because there is no import duties or no charges imposed on it because of the import from other countries.
<u>Explanation:</u>
A country produces a lot of goods and services in it's own economy using the resources which are present in it's own country. But the goods and the services that are not available in the country but are demanded by the citizens of the country are imported from other countries.
When these goods and services are imported from other countries then there is an imposition of duties or taxes on those goods making the charges of those goods high. With the transportation of the goods from one country to the other, then also some cost is imposed on the good. This increases the cost or the price of the good.
B is the correct answer.
An unfavourable fixed overhead volume variance can be due to all of the following except an increase in utility costs.
<h3>
What is utility costs?</h3>
Utilities costs are the price associated with using services including electricity, water, waste removal, heating, and sewage. Throughout the reporting period, expenses are incurred, calculated, and accrued for, or payments are made. The term "Utility Costs" refers to all fees, surcharges, and other expenses related to providing any utilities that are necessary for the Premises, the Premises, or the Improvements, including, but not limited to, heating, ventilation, and air conditioning costs, costs associated with providing gas, electricity, and other fuels or power sources to the Premises, and costs associated with providing water and sewage services to the Premises.
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Answer:
The correct answer is letter "B": Internal control over receivables is good.
Explanation:
Only in the case the internal control of an organization is well-established enough so those account receivables (AR) are paid according to the terms agreed between the organization and its debtors, auditors could consider the balance of the account receivables at a provisional date.
Answer:
Estimated average income is $5,400
Explanation:
Proposed investment = $60,000
Depreciation = Straight-line method
Useful life = 4 years
Expected total income yield = $21,600
To find average investment, we divide the income by the useful life of the investment.
Therefore, estimated average income = $21,600 ÷ 4 = $5,400
