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Mashutka [201]
3 years ago
15

What does a statement of work document do? a. It is a legally binding contract or part of a contract that defines, in plain lang

uage and in measurable terms, the aspects of a service provided to a customer, such as the service provided by an ISP. b. It documents the intentions of two or more parties to enter into a binding agreement, or contract, and is sometimes used between an informal handshake and the legally binding signatures on contracts. c. It is a contract that defines the terms of future contracts between parties, such as payment terms or arbitration arrangements. d. It documents in detail the work that must be completed for a particular object, and includes specifics such as tasks, deliverables, standards, payment schedule, and work timeline.
Business
1 answer:
Eva8 [605]3 years ago
8 0

Answer:

The correct answer is letter "D": It documents in detail the work that must be completed for a particular object, and includes specifics such as tasks, deliverables, standards, payment schedule, and work timeline.

Explanation:

A statement of work is a document used to describe step-by-step the activities that will be carried out in a project or particular task. This type of document establishes also the timeframe in which each activity should be performed, the deliverables for a vendor, payments, and quality standards that the task must fulfill. Even if the document has a lot of details, only specific information must be written in it.

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A manufacturing company has variable overhead costs of $2.50 per unit and fixed costs of $5,000 per month. Each unit requires 4
Verdich [7]

Answer:

Standard Overhead rate is $1.25 per Direct labor hours

Explanation:

Total variable cost (2000 unit * $2.50) =    $5,000

Total fixed cost                                       =    <u>$5,000</u>

Estimated Overhead cost                     =     <u>$10,000</u>

<u />

Estimated Direct labor hour = 2000 unit * 4 hours = 8,000 hours

Standard Overhead rate = Estimated overhead cost / Estimated Direct labor hour

Standard Overhead rate = $10,000 / 8,000 hours

Standard Overhead rate = $1.25 per Direct labor hours

8 0
4 years ago
Which of the following items is a wardrobe essential for both men and women?
AysviL [449]

Answer:

Jeans

Explanation:

If you look around you are most likely to see more men than women wearing Khakis and most women don't wear button-up shirts

Sneakers are more worn by men.

5 0
3 years ago
Using the percentage-of-receivables method for recording bad debt expense, estimated uncollectible accounts are $47000. If the b
LekaFEV [45]

Answer: $41,600

Explanation: The percentage of receivables method is used to evaluate the amount of bad debt the company can experience in future. Under this method, the bad debt expense is the difference between the ledger balance and the actual balance of bad debt expense.

In the given case, we can calculate it as follows :-

Bad debt expense = estimated uncollectible accounts - allowance

                                = $47,000 - $5,400

                                = $41,600

3 0
3 years ago
A company acquired an office building, land, and equipment in a single basket purchase. The fair values were $1,200,000, $600,00
oksian1 [2.3K]

Answer:

The total purchase cost for all three assets is $1,800,000.

Explanation:

Ratios based on fair values were:

6: 3: 1 for Office Building $1,200,00 : Land $600,000 : Equipment $200,000.  Therefore, office building represents 60%, Land 30%, and Equipment 10% of the cost.

Since the Office building costs $1,080,000, using the above fair values ratio, this cost represents 60% of the total.

Therefore, the total cost will be $1,800,000 ($1,080,000/60 X 100).

The total purchase cost for all three assets is obtained using the proportion method of cost allocation based on the given fair values.

6 0
4 years ago
Which of the following statements about investing is TRUE?
Bad White [126]

Answer:

3. Investing is riskier than putting money in a savings accounts.

Explanation:

Investing involves putting money in profits generating ventures. It is risky because the money invested may be lost should the venture make losses instead of profits. Investments activities include buying of shares and other marketable securities or starting and operating a business. Should the business or investment do well, the returns or profits can be attractive.

Saving is putting money aside for future consumption. Saving may be done through savings accounts that as safe and secure. Money saved is risk-free. The possibility of losing it is very minimal. Because money saved is kept safe, it does not generate much income for the owner.

3 0
3 years ago
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