HOW MUCH IS 5OO ROUNDED TO THE NEAREST 10TH

A contract clause which specifies the amount of damages to be paid in the event of a breach is called:

Usimov [2.4K]

A contract clause which specifies the amount of damages to be paid in the event of a breach is called C. a liquidated damages clause.

A contract clause is a specific section that is added into a clause and addresses specific subject matters or topics. These clauses are normally added to make sure each section understands and performs their duties.

6 0

4 years ago

Use the following information for Jett Co. to answer the following question: 2015 2014 Sales 1,200 1,000 COGS 850 700 Operating

Yakvenalex [24]

Answer:

B. 20.0% and 35.0%

Explanation:

Jett Co.'s Average tax rates for 2015 = Income taxes paid / Taxable income

When, Taxable Income = Sales - Cost of goods sold - Operating expenses

= $1,200 - $850 - $200

= $150

Hence, Jett Co.'s Average tax rates for 2015 = $30 / $150

= 20%

Jett Co.'s Average tax rates for 2014 = Income taxes paid / Taxable income

When Taxable Income = Sales - Cost of goods sold - Operating expenses

= $1,000 - $700 - $200

= $100

Hence, Jett Co.'s Average tax rates for 2014 = $35 / $100

= 35%

7 0

3 years ago

A city's Enterprise Fund issued revenue bonds with a face value of $10,000,000. The bonds were issued with a 2% premium and the

Mrac [35]

Answer:

The correct answer is $9,850,000

Explanation:

The Enterprise fund which will be reported, total other financing sources of the amount is computed as:

= Face Value - Cost of issuance

where

Face Value is $10,000,000

Cost of issuance is $150,000

Putting the values above:

= $10,000,000 - $150,000

= $9,850,000

Note: Premium will not be considered as it is asked for when the bonds are issued.

5 0

4 years ago

Factors of production are? scarce in every society. scarce only in advanced countries. scarce only in the poorest countries of t

Rashid [163]

Factors of production are scarce in every society.

<h3>What are the factors of production?</h3>

Factors of production are the resources that are used in the production of goods and services. Factors of production are scarce and this is why it is important to use them in the activities that would maximise their use.

There are four factors of production in economics. They include - land, labor, capital and entrepreneurship.

Land includes all the natural resources that are used to produce goods and services e.g. gold mine. Labor is the human effort that is exerted in the production of goods and services. Capital includes machinery and man made resources used in production. An entrepreneur is a person who combines the other factors of production together

To learn more about factors of production, please check: brainly.com/question/12342608

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6 0

2 years ago

Andrew Industries purchased $173,000 of raw materials on account during the month of March. The beginning Raw Materials Inventor

musickatia [10]

Answer:

The ending Raw Materials Inventory balance for March is $34,600

Explanation:

Raw material inventory is the inventory of those material which will be used in the processing of the production of a product. It includes direct material and indirect material as well.

The ending raw material will be calculated as follow

Ending Raw Material = Beginning raw material + Purchases for the period - material used in the period

Ending Raw Material = $23,600 + $173,000 - ( $148,200 + $13,800 )

Ending Raw Material = $23,600 + $173,000 - $162,000

Ending Raw Material = $196,600 - $162,000

Ending Raw Material = $34,600

7 0

3 years ago