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Andrei [34K]
3 years ago
10

When does information become a liability for an organization?

Business
1 answer:
Serjik [45]3 years ago
7 0

Answer:

a i had the same question

Explanation:

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A construction company entered into a fixed-price contract to build an office building for $32 million. Construction costs incur
Delicious77 [7]

Answer:

company gained a gross profit of $2 million

Explanation:

Data provided in the question;

Contract price to build an office = $32 million

Construction costs incurred during the first year = $9 million

Estimated costs to complete at the end of the year = $21 million

Therefore,

Total cost incurred to complete the construction of the office at the end of the first  year

=  Construction costs incurred during the first year + Estimated costs to complete at the end of the year

= $9 million + $21 million

= $30 million

Thus,

The revenue generated by the company = Contract price - cost incurred

= $32 million - $30 million

= $2 million

since the revenue is positive, hence the company gained a gross profit of $2 million

8 0
3 years ago
A financial crisis: Suppose the economy starts with GDP at potential, the real interest rate and the marginal product of capital
Masteriza [31]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

3 0
3 years ago
Which assertion relates to the following statement? "Assets, liabilities, and equity interests are included in the financial sta
KengaRu [80]

Answer: Valuation

Explanation:

The assertion that assertion relates to the statement that Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts is the valuation assertion.

According to the assertion of accuracy and valuation, it simply means that all the figures that are presented in a financial statement are known to be accurate and are based on proper valuation of the assets, the liabilities and the equity balances

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2 years ago
True or False: Cutting advertising expenses often causes an erosion of profit
cupoosta [38]

Answer:

So True

Explanation:

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When two people are talking, they want the listener to understand what they are saying. They both want to be effective communica
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Salespeople have to develop a mutual trusting relationship with the customers has this determines the long term sales relationship that they can mutually benefit from. A part of developing trust with the customer includes a good and long effective communication between the two.
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3 years ago
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