Answer:
$200,000
Explanation:
This involves revenue recognition based on percentage of work completed (cost to completion technique). Revenue to be recognized per time is assessed based on the level of cost incurred compared with the total cost to be incurred.
Given that the total approved budget for the project is $600,000, If at the end of the first three weeks of work, $160,000 has been spent, and five miles of road have been completed for a a 15-mile road, the earned value of the project at the end of the first three weeks
= 5/15 * $600,000
= $200,000
Answer:
V. Sell any assets Maria personally owns and apply the proceeds to the store’s debt
Explanation:
A sole proprietorship refers to a business venture owned and managed by a single person. The owner makes all the key decisions regarding the business. He or she enjoys all the profits by himself but also suffers all the losses alone.
Legally, a sole proprietor and the business are treated as one entity. The law does not distinguish between the assets and liabilities of the business, with those of its owner. A sole proprietor does not enjoy the benefits of limited liability. Should Maria's business fail it repaying its obligations, her properties may be used in settling the debts.
Answer:
does not apply to unpaid internships.
Explanation:
Minimum wage is the least price that can be paid to labour. It is an example of price floor.
To be binding, minimum wage is set above equilibrium price.
Minimum wage isn't applicable to unpaid internships because they aren't paid.
Minimum wage would affect the quantity of labour demanded and supplied.
I hope my answer helps you
Answer:
a. Linda's acceptance is effective and a contract is created.
Explanation:
A contract is created when there is an offer and acceptance of a transaction. When the contract is created it is enforceable and not revocable unless with the consent of parties involved.
Bob made an offer to Linda to buy her 1,000 of her widgets. The offer is open for 3 weeks and Linda accepted the offer within one week.
Although Bob tried to revoke the offer, since Linda has accepted it the contract is created and enforceable on Bob.
