Answer:
a. Rate charged per hour of labor = [Total Budgeted Costs (Time Charges) / Number of Hours + Profit margin]
Rate charged per hour of labor = [$334,400/7,600 + $35]
Rate charged per hour of labor = $44 + $35
Rate charged per hour of labor = $79
b. Calculation of Material Loading percentage:
= [$40,000 + $10,500 + $28,000] / $400,000
= $78,500 / $400,000
= 0.19625
= 19.63%
If the market price for a product falls, the curve that would shift would be the D. Curve D.
<h3>What curve shifts with market price ?</h3>
In the given graph, the curve that would shift as a result of a shift in the market price would be the demand curve or D. This is because this demand curve is a horizontal curve which makes it perfectly elastic.
A perfectly elastic curve will change demand when there is a change in market price as more people will be interested in the good or service and try to get more or it.
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Different institutional sources of contracts
1)internet books
2)video clips
3)Journal
4)Magazines
5)News papers
6)archive documents
7)internal publications
8)publicity materials
Answer:
b.The buyer will win since this is just a risk of doing business.
Explanation:
In a general agreement or contract between a seller and the buyer both the parties are liable to perform some duties binding the contract.
In case any of the parties fail to perform such duties then that party is liable to make good to other party which did not default.
In the given case the buyer is in good health, it was because of the seller that the goods could not be delivered, and it was because of uncontrollable circumstances.
And that the seller is still liable because ultimately the goods could not be delivered.
Thus, the buyer shall stand to win the case against the seller.
Answer:The answer is b
Explanation:
Bank reconciliation statement is a statement prepared to resolve the discrepancy between the bank statements balance and the cash book balance.in the preparation of the bank reconciliation statement, to ascertain the discrepancy we have to compare the debit side of the cash book with the credit side of the bank statement to check for differences in deposit, we will also compared the credit side of the cash book with the debit side of the bank statement to check for differences in withdrawals. Bank reconciliation statement is not an account because double entry principle is not observed in the preparation of the bank reconciliation statement.
In the preparation of the bank reconciliation statement, when starting with the bank statement balance, will have to add the deposit in transit and less the outstading cheque to arrive at the cash book balance. On the other hand, when starting with the cash book balance add outstanding cheque and less deposits In transit to arrive at the bank statement balance
