Answer:
b. the price was below the prices of comparable services.
Explanation:
In a market there are number of people providing the same services. Accordingly a fair rate for any service can be easily determined.
In the given instance, Big Dig made a fault by charging low fee as, that service demands particularly high fee.
Although Commercial Development Corporation can easily counter confirm the price of service in the market, and that it knows that the contract is certainly mistaken by Big Dig, it can and should ethically agree with the revised price, that is the correct price as per the prevailing market prices.
D)
Market equilibrium occurs when supply = demand
The total cost of those banking fees for the 7 years would be $1,344
<h3>What is bank fee?</h3>
Bank fee are fees paid to the financial institution one opened the account with, simply to keep it open and running and covers a certain number of transactions per month. Banks charge bank fees to pay salaries and other overheads, and physical branches.
With regards to the above,
Total cost
= Cost per month × 12 months per year × Number of years
= $16 × 12 × 7
= $1,344
Hence, the total cost of those banking fees for the 7 years would be $1,344
Learn more about banking fees here : brainly.com/question/24124875
Answer:
I can't post the link i found to answer the question so if u look this up u will find the answer
Explanation:
Answer:
$12,200
Explanation:
Sales including sales tax = $13,359
Sales tax rate = 9.5%
Let the sales be = $X
Sales tax payable = Sales * Sales tax rate
Sales tax payable = X * 9.5%
Sales tax payable = 0.095X
Sales + Sales tax = Sales including sales tax
X + 0.095X = 13,359
1.095X = 13,359
X = 13,359/1.095
X = $12,200
So, Sales = $12,200. Thus, in the books of the lumber company, Revenue should be credited for $12,200