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Answer:
The correct option is C,when there is a fixed price contract
Explanation:
Bottom up estimating is a project management cost technique where the workers who are to work on the project make inputs in cost computation of the project.
Since the contract price of the project is fixed, the task left is for the agreed fee to be broken down into different areas of the project in order to determine the high cost and low cost areas in order that the cost attributed to a particular area of the project can be seen to be justified
Answer:
Explanation:
Before preparing the income statement, first, we have to compute the net income or net loss. So, the calculation is shown below:
In the simplest form, the net income = Total revenue - total expenses
= Ticket Revenue - aircraft fuel expense - income tax expense - interest expense - Repairs and Maintenance Expense - Salaries and Wages Expense - Landing Fees Expense
= $21,100 - $9,500 - $270 - $210 - $2,000 - $3,400 - $3,900
= $1,820
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
Answer: increase, increase
Explanation:
Unlike interest rates, volatility seriously affects the option prices. The higher the volatility of the basic asset, this significantly increase the prices of both the call options and put options. This is as a result of an increase in volatility which affects both the up potential and down potential.
Answer:
Susan Barnes
Total deductible business expenses:
= $1,300.
Explanation:
a) Data and Calculations:
Dates for business meetings = July 1st and 2nd
Flight charge = $480
Lodging for 3 days = $600 ($200 *3)
Meals for 3 days:
6/30: $40;
7/1: $70;
7/2: $70
7/5: $40
Total for meals = $220
Total business expense = $1,300 ($480 + $600 + $220)
b) According to the IRS (Internal Revenue Service), business expenses have been defined as any expenses that are "helpful and appropriate" for a business. This definition excludes lodging and meal expenses incurred by Susan on July 3rd and July 4th, when she takes personal time.