Answer:
The answer is: D) Adam's job has low task identity.
Explanation:
The task identity of a job can be defined as the extent at which that job involves completing a piece of work.
In Adam´s case, to complete a piece of work refers to assembling a whole car. Adam´s job is very specific, fixing nuts and bolts. It´s the perfect example of specialization of labor. He may be very good at doing that, but doesn´t feel good about it.
Answer:
D) Recognized $8.91 million loss on the project in 2022.
Explanation:
The computation is shown below:
For Year 2021:
Percentage of work completed in the year 2021 is
= $40 ÷ ($40 + $84)× 100
= $40 ÷ $124 × 100
= 32.26%
Profit on the contract is
= Contract price - Already incurred cost - Expected cost
= $162 - $40 - $84
= $38
Profit to be recognized in the year 2016 is
= profit × percentage of completion
= $38 × 32.26%
= $12.256
For Year 2022:
Percentage of work completed in the year 2017 is
= ($40 + $65) ÷ ($40 + $65 + $52)
= $105 ÷ $157 × 100
= 66.88%
Profit on the contract is
= Contract price - Already incurred cost - Expected cost
= $162 - $40 - $65 - $52
= $5
Profit that should be recognized till the year 2017 is
= profit × percentage of completion
= $5 × 66.88%
= $3.344
Profit to be recognized in the year 2017 is
= $3.344 - $12.256
= 8.91 million loss
Answer:
C. long-term spot rates are higher than the average of current and expected future short-term rates
Explanation:
Answer: $333 Interest and $144 Principal
To find the values for this payment, you will need to use an amortization calculator. If you were not given one, there are numerous ones online.
Simply enter the amount of the loan $100,000. Then, the number of years, 30 is standard. Finally, enter the percent.
It will show you that the total payment is $477 and also the break down of the payment as given in the answer.
