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melomori [17]
3 years ago
7

Mister Plow has contracted to perform snow removal services for the city of Springfield. Record snowfall has more than doubled t

he time he will spend on the streets and the resources this job will require.​ Unfortunately, Mister Plow cannot come back to the city for more​ money, because the service contract is:
Business
1 answer:
trasher [3.6K]3 years ago
7 0

Answer:

Fixed price contract

Explanation:

A fixed price contract states that price for services rendered is fixed as mentioned in the contract irrespective of time taken and resources used.

Price cannot be revised in case effort and time has increased more than expected. In this case, Mister Plow cannot ask for more money as service contracts are fixed price contracts and terms of contract including price cannot be changed.

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Cheyenne is the manager of a local small hotel. Just today Cheyenne received word that a major convention will be coming to town
Korolek [52]
What is the moon and how are we doing and I don’t know how much
8 0
3 years ago
Ultra Big Corporation, Inc. is preparing its annual report for shareholders. The statement of cash flows, which is included in t
chubhunter [2.5K]

Answer:

Cashflow from financing activitues

Explanation: A company's statement of cashflow refers to a concise and segmented financial statement broken into three parts namely the operations, financing and investing activities showing changes in the account and cash inflow and outflow from the company's dealings. The scenario stated stated above would be recorded under the cashflow from financing activities as it is that part of the cashflow statement which shows net cashflow utilized in funding activities. This section contains financial cashflow on income from Issuance of debt or bond, stock repurchase and payment of Dividend which are all highlighted in the scenario above.

4 0
3 years ago
A newsvendor orders the quantity that maximizes expected profit for two products, X and Y. The critical ratio for both products
Evgen [1.6K]

Answer:

Correct answer is (A)

Explanation:

Product X because it has less certain demand.

Product X has a higher standard deviation of demand, its optimal order quantity is greater given the same mean and critical ratio.

3 0
4 years ago
Which one of the following will be used in the computation of the best-case analysis of a project?
krok68 [10]

Answer: e. the lowest variable cost per unit that can reasonably be expected.

Explanation:

The lowest variable cost per unit that can reasonably be expected will be used in the computation of the best-case analysis of a project.

It should be noted that the lower variable costs will tend to increase the profit of a company under the best case analysis and therefore when it's being compared with other options, it's the correct option.

Therefore, the correct option is E.

6 0
3 years ago
Sheridan Company uses the perpetual inventory and the gross method. On March 1, it purchased $83000 of inventory, terms 2/10, n/
Gemiola [76]

Answer:

b. inventory for $1516.

Explanation:

Term 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale and net credit period of 30 days.

Purchase value = $83,000

Purchases return = $7,200

Amount Due = $83,000 - $7,200 = $75,800

As the $75,800 is paid within discount period, so discount will be given to customer

Discount  = $75,800 x 2% = $1,516

Payment Made = $75,800 - $1,516 = $74,284

Gross method does not record the discount value it recognise the inventory at its gross amount and discount is adjusted in the inventory account after that.

4 0
3 years ago
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