Answer:45 percent
Explanation:
saving account before transfer=$7870
Saving account after transfer=7870+6456=14326
Percentage increase=(14326-7870)/14326 x 100
Percentage increase=6456/14326 x 100
Percentage increase=0.45 x 100
Percentage increase=45
Answer:
The correct answer is $2,050,000
Explanation:
In 2017, Sunrise City signed a contract in the amount of $8,000,000 for the construction of a new city hall. Expenditures were $4,000,000 in 2017 <u>and $2,050,000 in </u><u>2018</u>
$2,050,000 should be added to capital assets in the governmental activities accounts in 2018
Answer:
b. Hold the seller in breach of the entire installment contract when a nonconforming installment substantially impairs the value of that installment alone.
Explanation:
In installment contract, the seller and the buyer agrees on the ways through which the buyer will pay for the goods which he or she purchases installmentally rather than a one off payment. In a situation where the agreement has been reached, <em>it expected that the buyer and the seller to conform to the said agreement. However,the seller is hold in breach of the entire installment contract if there is impairment of the value of the goods substanstially.</em>
Answer:
calculates contribution margin while the absorption costing income statement calculates gross margin
focuses on fixed and variable expenses, while an absorption costing income statement focuses on period and product costs
Explanation:
variable costing income statement can be regarded as statement whereby all variable expenses are been removed from revenue so that separately-stated contribution margin can be gotten. And all fixed expenses are also removed so that net profit/ loss for that particular period can be known. While absorption costing income statement utilize absorption costing in creating
income statement.