Construction expenditures should be debited when <u>D. The bill is approved for payment.</u>
<u>Explanation:</u>
In the above scenario, Acme Construction Co. submitted bill amount of $1,200,000 on a construction contract. The payment of the bill was approved on May 2. According to the contract, 10% was subject to retention.
This construction expenditure is debited when the bill is approved for payment. Contract includes all the details regarding payment and terms and conditions between the companies or parties.
Once the bill submitted by company is approved, then the retention amount will be automatically debited.
Michelle must give Luis a sixty-day written notice of the lease termination because he has lived in the property for more than one year.
Explanation:
The landlord must send a 30-day notice of termination in writing with the occupant at the cost of his will, unless the owner stays in the house for more than one year, which includes a notice of 60 days.
The 60 Days Lease Termination Letter is an appointment for a residential property owner to use when he wishes to vacate a tenant for at least a year or more after residing in the house.
In California, a landlord can terminate a rental after a tenant has spent a year or more on the property and has provided the tenant with a notice of sixty days.
A good or service is said to be highly elastic if there is a a slight change in price this will cause a sharp change in the quantity. Usually these kinds of products are readily available in the market - example is jewelry. lottery ticket.
Answer:
Please see details below:
Explanation:
Sales $16.540
Salaries Expenses -$7.740
Miscellaneous Expenses -$5.820
Net Income $2.980
Dividends 2.830
Retained Earnings $150.
Balance Sheets
Assets
Cash $8.990
Accounts Receivable $16.540
Equipment $22.590
Land $45.980
TOTAL ASSETS $94.100
Liabilities
Accounts Payable $9.170
TOTAL LIABILITIES 9.170
Equity
Common Stock $84.780
Retained Earnings $ 150
TOTAL EQUITY 84.930
Answer: I believe it is Corporate Culture, B.
Explanation:
