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Amanda [17]
1 year ago
13

under a - or lump-sum, agreement, the contractor agrees to perform all work specified in the contract at a known cost.

Business
1 answer:
Alexxx [7]1 year ago
7 0

A "stipulated sum contract," commonly referred to as a lump sum contract, is a construction contract where the contractor consents to finish the project for a predefined, fixed amount.

<h3>What its means contract?</h3>

The simplest definition of something like a contract is a commitment that is legally binding. The commitment could be to carry out or abstain from a certain action. A contract must be made by two or more parties who must agree to it, with one of them typically presenting an offer and the other accepting it.

<h3>What are contracts in law?</h3>

A contract is an agreement that is legally binding; I A contract is an agreement that is legally binding at one or both of the parties' discretion but not at the discretion of the other party or parties.

To know more about contract visit:

brainly.com/question/28502672

#SPJ4

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Question text Calculating Accrued Interest Income on Promissory Notes Receivable Pickett Company received a 90 day, six percent
klasskru [66]

Answer:

$200

Explanation:

Given that

Note receivable = $20,000

Number of days given = 90 days

Interest rate = 6%

Calculated days from November 1 to December 31 = 60 days

Plus we assume the total number of days in a year is 360 days

So, the accrued interest income is

= Note receivable  × rate of interest × number of days ÷ (total number of days in a year)  

= $20,000 × 6% × (60 days ÷ 360 days)

= $200

5 0
4 years ago
Identify the start and end events and the activities in the following narrative, and then draw the business process model using
Ganezh [65]

Please find the graph file in the attachment and find its complete solution.

  • A cup of coffee and drinking at Star Bucks is the process selected here, the customer, the cashier, and the barista are the actors in this scenario.
  • This process begins if the client enters the barista and commands ventilated<em><u> coffee and Blueberry muffins</u></em>.
  • The barista then registered in the cash register the order, the customer then drove to the window, filled the barista with a cafe called Venti cup of coffee, put the lid in it, and took the blue bear muffin out of the pastry, and put it in a bag.
  • Barista gave the customer the bag with coffee and pastry, in this, the customer had the option of paying the gift by <u><em>cash, credit, or star bucks.</em></u>
  • The<em><u> gift card payment customer</u></em> with the <u><em>barista registered</em></u> the payout and sent the card to a customer together with receiving it.

Learn more:

brainly.com/question/15185517

7 0
3 years ago
If consumers view the output of any firm in a market to be identical to the output of any other firm in the market and the marke
hichkok12 [17]

Answer:

B. will be horizontal

Explanation:

A type of market where output is identical to the output of any other firm in the market and the market has many firms and transaction costs are​ low is the perfect competition.

The demand curve is horizontal because in this type of market, price is set by the forces of demand and supply. Buyers are sellers are price takers and they don't have any influence over prices. At the going market price, sellers sell all the quantities of their products.

But if they attempt to increase price, quanitity demanded would fall to zero as consumers would easily shift to other sellers. Also, there would be no incentive to reduce price because they would be earning a loss.

I hope my answer helps you

7 0
3 years ago
The difference between the actual quantity and the standard quantity, multiplied by the standard price, is the:
miss Akunina [59]

Answer:

the material quantity variance

Explanation:

As we know that

Material quantity variance is

= (Standard quantity - actual quantity) × standard price

This represent that the difference between the standard quantity and the actual quantity should be multiplied with the standard price is known as the material quantity variance

Therefore as per the given situation, the material quantity variance is the answer

Hence, the same is to be considered

6 0
3 years ago
Greg n. mankiw principles of macroeconomics 5th:
ch4aika [34]
Sorry don't now. Sooo sory
5 0
3 years ago
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