Answer: Cost reimbursement contracts.
Explanation:
In this type of contract the customers most times demands that at regular time Interval and through out the duration of the project a contractor compares the real expenses with the proposed budget and estimated cost upon completion with the initial estimated price.
It is also known as cost plus contract. The contractor who handled the project are refunded every cost they incur while executing the project, this comes with additional fees.
The recording of business transactions is a basic and fundamental component of financial reporting and is known as<u> bookkeeping.</u>
<h3>What is Bookkeeping?</h3>
Bookkeeping is the process of recording financial transactions. It entails preparing reference papers for all company transactions, activities, and other occurrences.
The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.
Learn more about Bookkeeping here:
brainly.com/question/25572872
Answer:
A) (20-(x-10)) (x-6) = -x^2 +36x-180
B)In order to maximize the weekly profit the feeder price should be $80 and the weekly profit will be $144
Explanation
A)Let's consider they priced each feeder dollar x then the gain (price minus cost) of each feeder is (x-6). With the price of Dollar 10 they can sell 20 per week.
For every dollar increase in price they will lose two sales so total sale is
(10-(x-10)) .By multiplying the number of sales of feeder with profit of each feeder sold we get total revenue y i.e.
Y=(x-6)(20-(x-10))
=(x-6) (30-x)
= -x^2+36x-180
B) compare above equation with quadratic equation we get;
a=-1 , b=36 , c= -180
A quadratic function has minimum or maximum at point -b/2a ,so revenue is increased for feeder price.
x= b/2a = 36/2(-1) = $18
AND
Maximum weekly profit is
Y(18) = (18-6) (30-18)
=$144
Answer:
They are exempt from paying tax
Explanation:
Taxable income is the amount of an individual's gross income that the government deems subject to taxes.
However, because they are aged (above 65), and their taxable income -which should be $32000 after deductions - is less than the percentage tax relief,they are exempted from paying tax for that particular year.
The price elasticity of baseball bats is −0.77, this indicates that the demand for bats tends to inelasticity. Therefore, if the manager wants to dispose of his inventory, he would advise you not to lower the price because it would cause a decrease in income. He could raise the price and earn more since being an inelastic demand, the quantity demanded would not be modified as much as the price would change.
