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____ [38]
3 years ago
12

A third method for determining the forecasted cost at completion is to re-estimate the costs for all the remaining work to be pe

rformed and then add this re-estimate to the cumulative actual cost. If the amount of cumulated actual costs is less than difference between the total budgeted cost and the re-estimate, then
A. the FCAC is less than the TBC.
B. the FCAC is greater than the TBC.
C. the FCAC cannot be calculated with the values given.
D. additional information is needed to predict the FCAC.
Business
1 answer:
faust18 [17]3 years ago
3 0

Answer:

A. the FCAC is less than the TBC

Explanation:

If the amount of cumulated actual costs is less than difference between the total budgeted cost and the re-estimate, then the FCAC is less than the TBC

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Impact of new vendor with zero opening balance
Marianna [84]

The impact of the vendor with the zero opening balance is to show that the account has been correctly set up.

<h3>What is the vendor opening balance?</h3>

This is the term that is used to refer to the amount of money that is in an account at the particular time that the account is newly opened.

The way that the vendor balance can be gotten is when the opening balances that are in a new year are carried forwards and the customers are done. In order to track this, the code that is to be used is F. 07.

The opening balance is what would have to be brought forward at the end of an accounting period and it is usually what the vendor would have to use as they try to keep a track of the cash flow that is in their account.

Hence we would say that the impact of the new vendor with this balance that is 0 is to help to determine how correct the set up of the account has been done.

Read more on opening balance here: brainly.com/question/26235574

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5 0
1 year ago
Rey bought 10 shares of Apex Co. for $17 each and later sold all of them at
cluponka [151]

Answer:

C. Capital Loss

Explanation:

When the selling price of an asset like bonds etc exceeds it purchase price then the capital profit will be the difference between sale and purchase price.

But if the purchase price is greater than the sale price the difference is called Capital loss.

Example: if we buy 100 shares for $20 each and after a year sell them for $ 18 then the difference is called the capital loss.

6 0
3 years ago
What is the idea behind “cutting taxes” (lowering taxes). select one:
earnstyle [38]
The correct option is A. The effect of tax cut is reduction in the amount of money that the government is generating and increase in the amount of money available to those whose taxes are reduced. Government usually cut taxes in order to boost the economy through increased spending. 
8 0
3 years ago
The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $73,225 Common Stock $12,173
ankoles [38]

Answer:

Their total assets next year has to be $124,725

Explanation:

<em>Step 1: Determine the initial assets and liabilities</em>

The total assets can be expressed as;

A=C+E

where;

A=total assets

C=common stock

E=retained earnings

In our case;

A=unknown

C=$12,173

E=$91,949

replacing;

A=12,173+91,949=$104,122

<em>Step 2: Determine total liabilities</em>

Total liabilities=initial liability+dividends

where;

Initial liability=$73,225

dividends=$15,000

replacing;

Total liabilities=73,225+15,000=$88,225

<em>Step 3: Determine new assets</em>

Using the formula;

Net profit=new assets-total liabilities

where;

Net profit=$36,500

new assets=unknown=n

total liabilities=$88,225

replacing;

36,500=n-88,225

n=36,500+88,225=$124,725

n=$124,725

Their total assets next year has to be $124,725

<em />

6 0
3 years ago
Corporate stock can be divided into categories called ________, which can be further divided into ________.
Sophie [7]

Answer:

c. classes, series.

Explanation:

Corporate stock refers to the shares issued to the shareholders through which the company gets its funds for the business.

These shares are of two classes mainly:

Equity and Preference

These are further divided into series like:

Equity = Fully paid, 50% paid

Preference = 5% Preference or 10% preference capital or any other rate.

Further it includes, the reserve and surplus also.

4 0
3 years ago
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