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Vsevolod [243]
3 years ago
7

Under the percentage of completion method, if the actual costs are ____ the estimated costs, the taxpayer must pay interest on t

he underpayment of prior years’ taxes.
Business
1 answer:
Sphinxa [80]3 years ago
8 0

Answer:

The correct answer is Less than the estimated costs.

Explanation:

The percentage method completed is an accounting practice used to recognize income in long-term contracts.

When long-term projects (greater than one year) are undertaken, the costs and revenues associated with it are incurred throughout its life.

This accounting method, as its name suggests, allows the company to account for part of the associated income and expenses incurred as the project phases are completed. Thus, the percentage complete method is understood as a method of recognition of recognition of income and expenses that is applied continuously without having to defer income and expenses at the end of the project.

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Jenae's study ignored the fact that only some of her coffee choices had caffeine, even though her co-workers preferred caffeinat
ch4aika [34]

Answer:

Placebo effect

Explanation:

Placebo effect occurs when an individual starts to show positive response to an inactive substance after being told the substance has powers to cure.

The person's mind subconsciously helps him heal or perform better on the false belief that the substance is effective.

In the given scenario Jeanne labelled decaffeinated coffee as caffeinated coffee. On consumption her co-workers claimed that the extra boost of caffeine helped them focus on their work.

This is a placebo effect.

8 0
3 years ago
Which of the following statements about operations management in the service sector is most accurate? Operations management in t
VikaD [51]
Operations management in the service sector has grown more rapidly than the manufacturing sector. Operations management is the implementation aspect of management.
8 0
3 years ago
Read 2 more answers
Procter & gamble is well known for its use of __________ branding because every product in p&g's portfolio has a differe
taurus [48]

Answer:

Individual branding

Explanation:

Procter & gamble is well known for its use of individual branding because every product in p&g's portfolio has a different brand name.

Individual branding can be defined as a market strategy in which every products sold by a firm has its own unique brand name. Individual branding can also be called "multibranding", "individual product branding", and "flanker brand".

Firms utilizes individual branding strategy in order to target different market segment. Individual branding helps to protect the other products produced by a company if one of them fails.

Each brand produced has a unique identity and name even though they are produced by the same firm. This allows the firm to to separate the image and reputation of each product and fix a different price for each product.

8 0
3 years ago
As a general construction contractor, WDF INC. contracted to renovate schools in New York City. WDF subcontracted with JLG Archi
kykrilka [37]

Answer:

WDF Inc. is correct.  From the fact that JLG Architectural Products and East Coast Window Installers Inc. were partners in the window installation subcontract, they should be jointly and severally held liable for any liability arising from the window installation project unless they have contrary agreements clearly differentiating their liabilities in the partnership.

Explanation:

WDF Inc. = main contractor

JLG Architectural Products = subcontractor and partner to East Coast

East Coast Window Installers Inc. = subcontractor and partner to JLG

JLG Architectural Products and East Coast Window Installers Inc have formed a partnership when they come together to form a business or execute a business transaction jointly.  A joint venture is a kind of partnership.

5 0
3 years ago
Metropolis Corporation has 4 shareholders: Fritz, Luis, Alfred and Werner. Number of shares that Fritz owns is 2/3 rd of number
Deffense [45]

Answer:

$120,000

Explanation:

Given:

Shares owned by Fritz = \frac{2}{3} of number of the shares of the other three shareholders i.e \frac{2}{2+3}=\frac{2}{5} of all the shares

Shares owned by Luis  = \frac{3}{7} of number of the shares of the other three shareholders i.e \frac{3}{3+7}=\frac{3}{10} of all the shares

Shares owned by Alfred = \frac{4}{11} of number of the shares of the other three shareholders i.e \frac{4}{4+11}=\frac{4}{15} of all the shares

Therefore,

Shares owned by them together = \frac{2}{5}+\frac{3}{10}+\frac{4}{15}

=  \frac{29}{30} of all shares,

This means that Werner owns = 1 − \frac{29}{30} of all shares,

=\frac{1}{30} of all shares

i.e

= \frac{1}{30} × $3,600,000

= $120,000

8 0
3 years ago
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