Answer:
(a) What is the cost per square foot of the 2000 ft lodge?
- construction cost per sq foot = $150,000 / 2,000 = $75 per square foot
(b) If you arc also considering a. 4000 ft layout option, estimate your construction costs if: i. All cost items (in the table) change proportionately to the size increase.
- total construction costs for a 4,000 sq ft layout = $150,000 x 2 = $300,000 since all costs vary proportionally to the size of the cabin
ii. The first two cost items do not change at all: all others are proportionate.
- total construction costs = (23% x $150,000) + (77% x $300,000) = $34,500 + $231,000 = $265,500
Answer:
b. performance.
Explanation:
Discharge of contract by performance is when the both the parties agreeing to a contract performs their respective promises.
Discharge of contract by performance is a normal and natural mode of completing a contract.
Once the performance i.e the agreeing statements are proper and complete by the both the parties, they are free from the further liabilities.
The Cambridge's gross profit from this sale was $ 60,000.
<h3>
What is gross profit?</h3>
Gross profit is the amount a business makes after deducting the expenses associated with manufacturing and marketing its products or providing its services. Gross profit, which appears on an organization's income statement, can be calculated by subtracting the cost of goods sold (COGS) from revenue. An organization's income statement will contain numbers. Other of names for the gross profit include sales profit and gross income. Generally speaking, fixed costs are not included in gross profit (that is, costs that must be paid regardless of the level of output). Rent, advertising, insurance, salaries for staff not involved in the production directly, and office supplies are some examples of fixed costs.
To learn more about gross profit, visit:
brainly.com/question/14988657
#SPJ4
The answer to this question is "BASELINE". It is the term used to describe a benchmark used to make sure that a system provides and gives a minimum level f security across multiple applications and also across different products. This term baseline also refers and commonly known as the minimum or the starting point.
Answer:
Debit Credit
July 2021
Cash 17,500
Loan payable 17,500
June 30, 2022
Loan Payable 17,500
Interest payable 2,100
Cash 19,600
Adjusting Entry's
Debit Credit
Interest expense 1050
Interest Payable 1050
Explanation:
Interest for the year = 0.12*17500=2100
Interest expense 2021= 6/12*2100= 1050