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Alik [6]
3 years ago
9

PLEASE HELP!

Business
1 answer:
vesna_86 [32]3 years ago
7 0
I would say the third sentence. Proper planning and supervision is of utmost importance while catering to the client. I say this because the word diligence means, careful and persistent work or effort. This shows that the work is carefully planned. That's my opinion and not a fact so don't trust this unless my reasoning convinces you.
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Indiana Co. began a construction project in 2021 with a contract price of $163 million to be received when the project is comple
iragen [17]

Answer: Recognized $12.68 million gross profit on the project in 2022

Explanation:

Firstly we would need to ascertain the percentage of completion in 2022. We will do this by using the costs.

The cost incurred till date is,

= $32 million (incurred in 2021) + $59 million (incurred in 2022)

= $91 million. (1)

A further $37 million is estimated to remain in costs by project completion so the total cost would be,

= $91 million + 37 million

= $128 million is the total cost to be incurred. (2)

Dividing (1) by (2) to find out how much costs have been incurred vs how much is life we have,

= 91 / 128

= 0.7109

= 71 %

71 % of the project has been completed.

We will now find out the revenue for that very year using the percentage of the project completed.

The Total Revenue is $163 million so we will take 71% of that,

= 0.71(163)

= $115.73 million can be recognized as revenue TILL DATE. (3)

To find out the Revenue for the year then we can deduct the revenue of the previous year from the Revenue till date to find out the revenue for 2022.

But first we need to find the revenue of 2021 using the same method we used to calculate the Revenue this far

= 32 million / (32 + 86 million) * 163 million

= $44.01 million in revenue in 2021 (4)

Subtracting (4) from (3) to get the revenue for 2022 we have,

= 115.73 - 44.01

= $71.72 million is therefore the revenue for the year 2022

Calculating the gross profit for the year 2022 then we can subtract the cost in 2022 from the revenue for 2022.

= 71.72 million - 59 million

= $12.72 million

The answer we got is off by $0.04 from option C so we will pick Option C as the correct answer with the discrepancy going down to rounding off errors in the Intermediate Calculation.

8 0
3 years ago
Pereot Fragrances states that they are a "moving, flexible, innovative, customer-oriented global company that delivers real valu
Airida [17]

Answer: Option (A)

Explanation:

From the given case/scenario, we can state that this particular example represents the espoused value of organizational culture. Espoused values tends to contribute/add up to the evolution and development of the normal standards/values of an organization/company for the time period it tends to conduct business from now to the future.

8 0
3 years ago
Uusiess will have to spend a lot of money to
lukranit [14]

Answer:

A

Explanation:

5 0
3 years ago
Whenever Josh goes to his favorite restaurant, he wants to buy tiramisu, his favorite dessert. Despite the fact he would enjoy t
slamgirl [31]

Answer:

C. framing effects

Explanation:

Based on the information provided within the question it can be said that the behavioral economists would say that Josh's decision is affected by framing effects. This term refers to a cognitive bias where people tend to base their choices of different options based on the positive or negative connotations presented. Which is what Josh is doing by basing his decision on who else is having desert.

4 0
3 years ago
Suppose you manage a corner grocery store. if peanut butter is an inferior good, what do you suppose would happen to the price a
Andrej [43]

I believe the answer is: The price and quantity would both increase

During economic recession, the power of currency that a country have would also fall. When this happen, our money would only be able to buy less amount of products compared to the period before the recession. Because of this, companies tend to rise both the price and quantity of their products in order to maintain the same profit level.

3 0
3 years ago
Read 2 more answers
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