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3 years ago

When organizations request for bids for contracts on their own Web site for procurement, such business is classified as a(n):

Business

1 answer:

pychu [463]3 years ago

3 0

Answer:

The correct answer to the following question will be the "Buy-side marketplace".

Explanation:

It is the financial market side that buys and sells large sections of shares for investment or financial advisory purposes.
Buy-side experts work with insurance provider companies, investment funds and pension funds as they buy large amounts of assets for investment managers.
And, If companies seek tenders for contracts according to their own contracting website, they are known as a Buy-side procurement.

Therefore, the Buy-side marketplace is the right answer.

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Indiana Co. began a construction project in 2018 with a contract price of $161 million to be received when the project is comple

Montano1993 [528]

Answer:

b. Recognized $12.37 million gross profit on the project in 2018.

Explanation:

IFRS-15 that deals with Revenue from Construction Contracts requires companies to follow a 4-step approach to record entries for contract when the performance obligation is satisfied over a period of time. These steps are:

1) Calculate the overall profit

Contract Price - Total Costs ( Incurred + Estimated)

⇒ 161 - 122 (40 + 82) = $39 million.

2) Determine the progress of the contract

(Cost to date / Total cost) * 100

⇒ (40 / 122) * 100 = 32.79%

3) Statement of Profit or Loss (If Profitable)

Revenue (Total Price * Progress) ; (161 * .3279) $52.79

Cost of Sale (Total costs * Progress) ; (122 * .3279) (40)

Gross Profit $12.79

The difference arises of $.42 million is because of rounding, ignore it. We choose the closest option in MCQs, always remember this.

Note: Step 4 is related to Balance Sheet which is not the requirement of this question, so skipped.

Thanks!

4 0

4 years ago

On January 1, Year 1, Andrei’s Design Inc., purchased equipment for $60,000. Residual value at the end of an estimated four-year

Likurg_2 [28]

Answer:

a. $10,000

b. $19,000

c. $41,000

Explanation:

The computations are shown below:

The depreciation per hour would be

= (Original cost - residual value) ÷ (estimated machine hours)

= ($60,000 - $10,000) ÷ (20,000 hours)

= ($50,000) ÷ (20,000 hours)

= $2.5 per hour

a. Now for the second year, it would be

= Machine hours in second year × depreciation per hour

= 4,000 units × $2.5

= $10,000

b. Accumulated depreciation would be

= (Machine hours in year 1 + Machine hours in year 2) × depreciation per hour

= (3,600 hours + 4,000 hours) × $2.5

= $19,000

c. And, the book value would be

= Original cost - accumulated depreciation

= $60,000 - $19,000

= $41,000

3 0

3 years ago

In a certain economy, people save some part of their income in the financial sector and use the remaining part for consumption.

lakkis [162]

To answer the question above as to what effect will the tax increase have on savings and investment in the economy when the government decides to increase the tax rate for everyone in that sector is that people will be hesitant to save and invest, they'll be sure to weigh in as to which would be the proper move if the tax increase will cripple their investments or savings. Tax increase harms economic growth in a sense that it will affect peoples savings and investment which plays a key role in the economy.

6 0

4 years ago

Read 2 more answers

Suppose that when your income increases by $200, your consumption expenditures increases by $150. Your marginal propensity to co

Rashid [163]

Answer:

0,75, 1, 750.000

Explanation:

The formula is a change in consumption divided in change in income (150/200), if the whole economy has the same MPC that means the ratio of multiplier is 1 because there are not differences in the comsumption, so if the government invests 1 million in a project the income would be 0,75 million.

4 0

4 years ago

Would you expect bacteria to grow at the same rate for decades?

OverLord2011 [107]

It depends on many factors, mainly things like nutrient availability, temperature, moisture level, and toxin rate produced by the bacteria. can the bacteria move, or is it an enclosed space like a petri dish? but basically if we're talking about decades, bacteria will most likely not grow at the same rate in nature. in a controlled environment, the answer would be a maybe.

7 0

4 years ago