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.
Answer:
$87,900
Explanation:.
Calculation to List the items and amounts that should be included in the Land account
Purchase price $70,000
Broker’s fees $6,000
Title search and other fees $5,000
Demolition of old building $5,700
Grading $1,200
Land acquisition cost $87,900
($70,000+$6,000+$5,000+$5,700+$1,200)
Therefore the amounts that should be included in the Land account will be $87,900
True, you can use a formula in Excel spreadsheet!
Answer:
negligence
Explanation:
In order to be successful in a product liability action based on negligence the following elements must be proved: Duty
,Breach of Duty
,Cause in Fact
,Proximate Cause and Damages(plaintiff)