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taurus [48]
3 years ago
11

Your professor moonlights to make ends meet during the summer months and has a knack for painting houses. You agree to pay $500

over whatever the materials and equipment rental cost for the job and delight in sipping lemonade in the shade watching your poor professor perform under a(n) ________.
A) Time and material contract.
B) Fixed wage contract.
C) Cost-plus contract.
D) Lump-sum contract.
Business
1 answer:
Margarita [4]3 years ago
4 0

Answer: Cost plus contact

Explanation:

A cost-plus contract is a form of contract whereby the contractor is paid for all of its allowed expenses including additional payments in order to allow for a profit.

A cost plus contract is usually used when the quality, delivery time and performance is of more importance than the cost. In cost plus contract, the final cost may be smaller than the fixed cost because the contractors don't usually inflate price and also as a result of lesser price competition.

A cost price contract also gives more room for control and oversight over a contractors work and is also flexible which gives room for specification changes.

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Billy Longstreet bought a new car and was a bit uncertain about whether or not he had done the right thing. Two days after he pu
Nonamiya [84]

Answer:

dissonance

Explanation:

Based on the information provided within the question it can be said that this attempt seemed to be aimed at reducing dissonance. This term refers to holds two or more contradictory beliefs, ideas, or values. Which in this scenario, the salesman makes this comment in order to see if Billy was satisfied and knew that his purchase was a good one. If Billy were to decide to sell the car to one of those interested buyers then it is likely because he does not know its value.

8 0
4 years ago
What ethical issues might surface when putting processes into a Gantt chart where specific resources are assigned tasks in tight
KiRa [710]

Explanation:

Blame shifting or differences in departments that are linked in the project might arise where specific resources are assigned tasks in tight time frames. Since resources are specified, this might also lead to professional jealousies, if one resource is working well than the other. This can also hamper team building ideology in the organization, where the fast pacers will feel better than those who didnt perform well in that specific project and negate working with them in future

7 0
3 years ago
Zytel Corporation produces cleaning compounds and solutions for industrial and household use. While most of its products are pro
SCORPION-xisa [38]

Answer:

4,513 approx.

Explanation:

The computation of the minimum number of jars of silver polish is shown below:-

Sales revenue for one jar of silver polish    $5.60

Sales revenue for 1/4 pound of Grit 337     0.85

($3.40 ×  1 ÷ 4)

Incremental revenue from

further processing                                        $4.75

($5.60 - 0.85)

Incremental costs of further processing:

Processing costs                      $2.40

Selling costs                              $0.40          $2.80

Incremental contribution

margin from further

processing into silver polish

per jar                                                            $1.95

($4.75 - $2.80)

Point of indifference denotes the point where all options are equally profitable. But after that we will see that more processing is profitable. This is due to the fixed costs involved in further production.

Thus Minimum number of jars needed to produce to justify the further processing = Avoidable Fixed cost ÷ Incremental contribution

= $8,800 ÷ $1.95

= 4,513 approx.

8 0
3 years ago
Henry is the manager at a store that sells clothes for all seasons. The latest trend, he found, was in summer beachwear. So, he
DaniilM [7]
I don't know. There are no answer options. Maybe palm trees etc.?
3 0
3 years ago
Read 2 more answers
"On January 1, MM Co. borrows $360,000 cash from a bank and in return signs an 8% installment note for five annual payments of $
scoray [572]

Answer:

1.Jan 01 Dr Cash 360,000

Cr Notes payable 340,000

2.Interest expense 28,800

Principal Reduction 61,364

Explanation:

MM Co.

1 . Journal entry

Since MM Co. borrows $360,000 cash on January 1 from a bank this means we have to

Debit Cash with the amounts of money he borrowed which is $360,000 and Credit Notes Payable with the same amount.

Jan 01 Dr Cash 360,000

Cr Notes payable 340,000

2. Calculation of the amount goes toward interest expense and Principal reduction

Interest expense 28,800

(360,000*8%)

Principal Reduction 61,364

(90,164-28,800)

5 0
4 years ago
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