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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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According to "sleep rules raise trucking costs," in 2013 the federal motor carrier safety administration estimated the new rules
erik [133]
The government really just expected reduced highway fatalities.  Even though that it costs these multibillion dollar companies a little more to let their drivers rest, it sill makes the roads safe for all drivers.  Driving while tired is almost as bad as driving under the influence, so making sure that these truck drivers get sleep make sure everything is super safe for everyone. 
5 0
3 years ago
In a perfectly competitive industry, influence over price is exerted by
tigry1 [53]

Answer:

(C) the forces of supply and demand

Explanation:

In a perfectly competitive industry, no single buyer nor seller will be able to influence prices thus marking the forces of demand and supply (the invisible hand) the determinant of pricing. Each buyer or seller will only account for a minute portion of total demand and supply thus making their influence of market price insignificant.

Options (A), (B) and (D) are incorrect as the largest firms, individual sellers and individual buyers do not influence pricing over price in a perfectly competitive market.

8 0
3 years ago
The transactions of Spade Company appear below.
s2008m [1.1K]

Answer:

Entries are given

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

                                            DEBIT           CREDIT

A. Kacy Spade, owner, invested cash in the company

Common stock                   14250

Cash                                                           14250

B. The company purchased office supplies

Office supplies                      413

Cash                                                              413

C.The company purchased office equipment on credit

Office equipment                 7880

Payables                                                      7880

D.The company received $1,681 in cash

Cash                                       1681

Fees earned                                                 1681

E. The company paid $7,880 cash to settle the payable

Payables                                7880

Cash                                                              7880

F. The company billed a customer $3,021 as fees

Receivable                              3021

fees earned                                                   3021

G. The company paid $520 cash for the monthly rent.

Rental expense                        520

Cash                                                               520

H. The company collected $1,269 cash as partial payment

Cash                                         1269

Receivables                                                    1269

I. The company paid a $1,000 cash dividend to the owner

Retained earnings                  1000

Cash                                                                 1000

5 0
3 years ago
n 2015, Caterpillar Inc. had about 730 million shares outstanding. Their book value was $30.0 per share, and the market price wa
Alika [10]

Answer:

The book debt-to-value ratio is 0.57

Explanation:

The computation of the book debt-to-value ratio is shown below:

Book debt-to-value ratio = (Book value) ÷ (book value of debt)

where,

Book value is $30.0 per share

Book value of debt = Outstanding shares × book value + long term debt

= 0.730 × $30 + $30.50

= $21.90 + $30.50

= $52.40

Now put these values to the above formula  

So, the value would equal to

=  $30.00  ÷ $52.40

= 0.57

8 0
3 years ago
Bill Lister contracted with Plimsoll Corporation to complete the roofing on a housing complex. A signed contract established a f
zhenek [66]

Answer:

The correct answer is letter "B": independent contractor.

Explanation:

An independent contractor is typically a third party hired to perform a specific job on behalf of other companies without the need of sharing employees. The independent contractor acts as another company with its own payroll and has all the benefits and liabilities according to the type of organization it selects for business.

4 0
3 years ago
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