Answer:
The correct answers in order are:
Executory
Fulfilled their obligations
Not illegal
Explanation:
The Statute of Frauds prevents the enforcement of an executory contract, which is a contract in which the parties have not fulfilled their obligations. These contracts are not illegal.
Answer:
The sofware-relate cost to capitalized will be 1,300,000
Explanation:
<u>The cost than a business can capitalize will stop once the testing phase is complete.</u>
The production cost, are cost of the period. It will not be capitalize through intangible asset software.
<u>Post-implementation.</u> The cost after the implementation of the software will be treated as expenses. The 275,000 maintenance and customer support will not be capitalized. It will be treated as expense
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The software amount will be 1,300,000 which is the value of the cost incurred in the testing phases
Answer
Operating profit is a company's profit after all expenses are taken out except for the cost of debt, taxes, and certain one-off items. Net income is the profit remaining after all costs incurred in the period have been subtracted from revenue generated from sales.
Explanation:
Economic cycle is defined as the fluctuations of the economy between the period of expansion and contraction.
There are four stages of economic cycle :
Expansion, peak, contraction, trough
Under the stage of contraction, the business flow is slow as low retail sales, prices, interest rates. The correction will takes place in this stage and economy started recovering in the next stage that is trough.
It is very important to insight the economic cycle for taking major decisions regarding investment and business.
This cycle goes in cyclic pattern.
The investors will invest more in the contraction period because rates were relatively low in this stage.
To know more about economic cycle:
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