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Sonbull [250]
3 years ago
11

When a contractor seeking external projects prepares to submit a proposal, it is really conducting a small project with the prim

ary deliverable of the project being a compelling and complete proposal.Select one:
TrueFalse
Business
2 answers:
tresset_1 [31]3 years ago
7 0

Answer:

The statement is: True.

Explanation:

Contractors are independent parties that are hired to supply equipment, material, and labor to major projects. Contractors have the capability of hiring <em>subcontractors </em>to complete part of a work or all of it. Whenever contractors prepare proposals for new work, they are engaging in new projects without middlemen. The contractor and the company in need of the contractor's services have a direct relationship.

irina [24]3 years ago
3 0

Answer: True

Explanation: By conducting a small project as a proposal, a contractor is actually showing in a small scale that he is both capable, is the right man for the job (external project) and is able to ensure the external project is completed with its goals and objectives accomplished. It is these goals that drive the project, and all the planning and implementation . As such, the project has to be compelling and complete.

True gives the answer to the question.

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O'Neill, Incorporated's income statement for the most recent month is given below. The marketing department believes that a prom
Nesterboy [21]

Answer:

$1,800

Explanation:

Here Decrease or increase can be calculated as under:

Increase in Revenue                                                           $15,000

Increase in Variable Cost (72k / 100k * $15,000)             ($10,800)

Increase in Promotional Cost                                           <u>  ($6,000)  </u>

Net Operating Income Decrease                                        ($1,800)

Hence the decrease in Net Operating Income would be by $1,800.

Note: As the complete question is not provided and is not found online, almost similar question was picked from the internet. So make sure you account for of the differences.

The Numerical section of the question is given as under:

8 0
3 years ago
Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been a
Agata [3.3K]

Answer:

May-31

Dr Fees earned $243,000

Retained earnings $33,500

Cr Rent expense $50,800

Cr Supplies expense $12,400

Cr Wages expense $213,300

Cr Miscellaneous expense $ 4,300

May-31

Dr Retained Earnings $33,000

Cr Dividends $33,000

Explanation:

Preparation to Journalize the closing entries required to close the accounts.

May-31

Dr Fees earned $243,000

Retained earnings $33,500

($213,300+$12,400+$50,800-$243,000)

Cr Rent expense $50,800

Cr Supplies expense $12,400

Cr Wages expense $213,300

Cr Miscellaneous expense $ 4,300

(To close the Expenses )

May-31

Dr Retained Earnings $33,000

Cr Dividends $33,000

(To close the dividends )

5 0
3 years ago
Happy 100+ followers on my other acc!​<br><br><br>don't search it
soldi70 [24.7K]
I don’t know that awnser
6 0
2 years ago
Knowledge Check 05 On January 15, Pinkney, Inc., issued 10,000 shares of $10 par value common stock in exchange for land and a b
dsp73

Answer:

land      45,000 debit

building 95,000 debit

    common stock         100,000 credit

    additional paid-in       40,000 credit

--issuance of shares in exchange of land an the building on it--

Explanation:

common stock face value:

10,000 shares x $10 = $100,000

fair value of the acquired assets:

land       45,000

building 95,000

total      140,000

Additional paid-in calculation

        140,000 recieved for the shares

    <u>  - 100,000 </u>

          40,000 additional paid-in

We consider the face value as the incurred cos t five years ago are not relevant today. The land and building are appraised at their market value

6 0
3 years ago
Charco purchased a franchise from Burger Master on January 1, 2021, for $240,000. The franchise agreement allows Charco to sell
denis-greek [22]

Answer:

$40,000.

Explanation:

Given that Charco purchased a franchise from Burger Master on January 1, 2021, for $240,000

Useful life of Franchise = 6 years

Cost = $240,000

Yearly amortization expense = cost/useful life

                                                = $240,000/6

                                                = $40,000

The amortization expense for the year ended December 31, 2021 is $40,000. This is the yearly charge to p/l for the Franchise.

3 0
3 years ago
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