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Mariulka [41]
3 years ago
15

Your Group has just been stranded in the wilderness in the middle of a snowstorm in mid-January. You are dressed for the winter,

but not a snowstorm. You are at least 20 miles from the nearest town. You will need to work together to come out of the wilderness alive. Using the Problem-Solving process, come up with a plan on how you will survive along with a list of 5 items you will use to survive. None of the items can be a motor-operated instrument, any kind of phone or gps.
Business
1 answer:
Salsk061 [2.6K]3 years ago
4 0

Answer:

You will need:

knife

Lighter

Rope

Map

Warm clothes

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Camden Corporations agreed to build a warehouse for a client at an agreed contract price of $ 900,000. Expected (and actual) cos
weqwewe [10]

Answer:

Key figures:

2016:

Revenue = $270,000

Expenses = $202,500

Income = $67,500

2017:

Revenue = $450,000

Expenses = $337,500

Income = $112,500

2018:

Revenue = $180,000

Expenses = $135,000

Income = $45,000

Explanation:

Under this method, percentage of work completed is determined using the following <u>formula:</u>

<em>Percentage of work completed = (Total Expenses incurred on the project till the close of the accounting period) ÷ (Total Estimated Cost of the Contract)</em>

Total estimated cost = $202,500 + $337,500 + $135,000 = $675,000

<u>2016:</u>

Percentage of work completed = ($202,500 ÷ $675,000)×100 = 30%

Expenses in 2016 = $202,500 (answer)

Revenue in 2016 = $900,000 × 30% = $270,000 (answer)

Income in 2016 = Revenue - Expenses

Income in 2016 = $270,000 - $202,500

Income in 2016 = $67,500 (answer)

<u>2017:</u>

Percentage of work completed = ($337,500 ÷ $675,000)×100 = 50%

Expenses in 2017 = $337,500 (answer)

Revenue in 2017 = $900,000 × 50% = $450,000 (answer)

Income in 2017 = Revenue - Expenses

Income in 2017 = $450,000 - $337,500

Income in 2017 = $112,500 (answer)

<u>2018:</u>

Percentage of work completed = ($135,000 ÷ $675,000)×100 = 20%

Expenses in 2018 = $135,000 (answer)

Revenue in 2018 = $900,000 × 20% = $180,000 (answer)

Income in 2018 = Revenue - Expenses

Income in 2018 = $180,000 - $135,000

Income in 2018 = $45,000 (answer)

4 0
3 years ago
Why is it important to understand economics
Nookie1986 [14]
Macroeconomics is important because it allows the public to understand the economy as a whole, fiscal policy and global economic policy.
5 0
3 years ago
Assuming no fixed costs are avoidable in the short​ run, a perfectly competitive​ firm's short-run supply curve is A. the portio
Crazy boy [7]

Answer:

C. the portion of its marginal cost curve that lies above its average variable cost curve.

Explanation:

It follows the short-run supply curve of the firm is portion of its marginal cost curve which is above the average variable cost curve.

7 0
3 years ago
From the following particulars of Purple New Co., prepare the bank reconciliation statement as on May 31, 2016.
juin [17]

Answer:

Explanation:

Bank reconciliation statement:

Cash account balance $3950

Less: Deposit in transit ($900)

Less: Bank service charges ($75)

Add: Interest added to the checking account by the bank $150

Add: Checks outstanding $960

Less: Check drawn incorrectly charged by the bank ($85) [150-65]

Adjusted balance $4,000

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3 years ago
"The chief advantage of the _______ is that it allows the firm to specialize in satisfying the needs and characteristics of a sp
Veseljchak [2.6K]

Answer: Option D

Explanation: In simple words, targeting strategy refers to the strategy in which company selects their potential customers. These companies directs their marketing strategy to impact and impress only those selected customer group.

These organisations usually end up being the pioneer of their industry, specializing in that market segment. For example- roles targets the elite class of the society for their products.

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