Answer:
27.14 months
Explanation:
to calculate how long it will take to pay the loan, we can use an excel spreadsheet and the NPER function:
=NPER(rate,payment,-loan)
- payment = 630
- rate = 1.03
- loan balance = 14,850
=NPER(1.03%,630,14850) = 27.14 months
They involve a fixed total price for a well-defined product or service which is true of lump-sum contracts. The correct option is C.
<h3>What is the advantage of a lumpsum contract?</h3>
Lump sum contracts allow for a more straightforward assessment of soil conditions, bidding prices, and pre-construction analysis, making the selection process less time-consuming. Accounting for lump sum contracts is low-intensity, which reduces the contractor's overhead expenses and allows for consistent cash flow.
A lump sum contract, also known as a stipulated sum contract, is one in which the project owner provides explicit specifications for the work and the contractor provides a fixed price for the project.
Thus, the ideal selection is option C.
Learn more about a lumpsum contract here:
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Answer:
$700
Explanation:
The computation of work-in-progress transferred to the finished goods is given below:
We know that
= Work-In-Process inventory, April 1 + Direct materials used in production + Direct labor costs incurred + Manufacturing overhead costs - Work-In-Process Inventory, April 30
= $200 + $125 + $300 + $250 - $175
= $700
Hence, this is a correct answer
When a product becomes less differentiated from other products, its demand curve becomes<span> flatter
The Demand curve of the company is much more influenced by prices rather than types of products. Creating new recipes for the pizza will only give the customers an additional option for substitute product, doesn't necessarily make them to buy more products.</span>
Answer:
It compare the difference among the actual performance and budgeted performance grounds on the volume of actual sales.
Explanation:
Flexible budget performance report is the report which is used for comparing or analyzing the actual results or outcomes for the period with the budgeted outcomes and it is generated through the flexible budget.
In short, it is that report which is the management report and compares the actual revenues as well as costs for the year with the budgeted revenues as well as costs grounded on the volume of actual sales.