Answer:
The statement is: False.
Explanation:
Contractors are independent parties who are hired to perform a determined work. They handled their operations as small companies managing their own personnel and operations within the physical location of another company or where the hiring company requests it.
<em>Among the duties of contractors, if they are dedicated to the construction industry, they can decide the process they will follow for mixing the concrete and the materials necessary for such purpose unless the hiring company establishes something different. In case of failure, they should find ways to replace the damaged items or structures but that does not imply the contractor loses its independent contractor status.</em>
Answer:FALSE
Explanation: Accumulated depreciation is a negative account (contra-account) which Describes the total depreciation amount allotted to an asset since it is put into use. Accumulated depreciation is not added to the balance of the long lived asset in the balance sheet.
When an organization prepares it's balance sheet,it ensures that the depreciation schedule is recorded for all it's assets ensuring that both the cost of the equipment and it's depreciation is documented accordingly. Accumulated depreciation reduces the value of the assets in the balance sheet when added.
Answer:
Explanation:
There are primarily two types of costs, i.e. variable costs and fixed costs. The variable cost is the cost that varies when the level of production changes, whereas the fixed cost is the cost that remains constant, whether the level of production changes or not.
Therefore, indirect material indirect labor, and factory supplies are included in the variable costs, and the fixed costs include supervision taxes and depreciation expenses.
The mixed cost is a mix combination of both the variable cost and the fixed cost which includes some components of fixed cost and some components of variable cost. It is also known as semi-variable cost
Example - transportation cost, tel communication cost, etc
Answer:
The correct answer is option B.
Explanation:
In a perfect competition firms are price takers and have only normal profits. On the contrary, a monopoly firm are price makers and can have positive profits.
The consumer surplus gets reduced in monopoly and the producer surplus is greater. The profits in the monopoly firm shows the transfer of surplus of benefits from consumers to the producer.
So, option B is the correct answer.
Answer:
easements, trespassing, and eminent domain. Explanation: Zoning is the most common form of land-use regulation, used by municipalities to control local property development. Other legal issues pertaining to land use include