Answer:
The meaning of the cumulative EAC ( cell M105 ) at the conclusion of period 6 is the total accumulation of the cost inquired within the period expressed as a percentage of the cost of completed tasks to the accumulating costs set aside for the entirety of the task.
Explanation:
The meaning of the cumulative EAC ( cell M105 ) at the conclusion of period 6 is the total accumulation of the cost inquired within the period expressed as a percentage of the cost of completed tasks to the accumulating costs set aside for the entirety of the task.
EAC ( estimate at completion ) is the estimation of the cost of the final cost of a project,and it is estimated based on the performance of the project at completion
Answer:
d.Prepaid Insurance
Explanation:
At the end of the accounting year temporary accounts are closed to capital account.
Temporary accounts include revenue accounts, expense accounts, gains and losses. These accounts now begin the new year with zero balances. They are used to determine profit or loss position at year end.
Permanent accounts on the other hand are not closed, but balance is carried forward to next year.
Prepaid insurance is a permanent account and is not closed at end of year.
Requiring a signed contract prior to acquisition of assets is an example of a high-level business policy
<u>Explanation:
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An asset purchase agreement (APA) is an understanding between a purchaser and a dealer that finishes terms and conditions identified with the buy and closeout of an organization's advantages.
It's essential to note in an APA exchange, it isn't fundamental for the purchaser to buy the entirety of the advantages of the organization. Truth be told, it's basic for a purchaser to bar certain benefits in an APA.
Arrangements of an APA may incorporate installment of price tag, regularly scheduled payments, liens and encumbrances on the benefits, condition point of reference for the end, and so on.
An APA contrasts from a stock buy understanding (SPA) where organization shares, title to resources, and title to liabilities are likewise sold. In an APA, the purchaser must choose explicit resources and keep away from repetitive resources.
These benefits are organized in a timetable to the APA. The purchaser in a SPA is acquiring portions of the organization. For this situation, order isn't essential because of move of organization's possession happens in its present condition. The APA is the lawful system for executing a corporate merger or obtaining.
The oil and gas industry doesn't recognize a benefit and stock buy in naming its related buy understanding. In this industry, in the case of buying resources or stock, the conclusive understanding is alluded to as the Purchase and Sale Agreement (PSA).
Mijo made $2,200 profit. The initial investment had nothing to do with him therefore it is not considered his loss because the initial investment did not belong to him. Once he inherited the stock at $12,000 his personal profit/loss began to occur. Also the character of the profit would be not a fixed remuneration becauae of the flux of the markets, fees, etc.