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Aleks [24]
3 years ago
11

Boston Consulting Group (BCG) is a management consulting, technology services and outsourcing organization. Which of the followi

ng actions should managers take when there is evidence that a fixed-rate contract is over budget and will generate a loss for the firm?
a. Use the percentage of completion method and pro rate the loss over the entire term of the engagement
b. Restate the financial statements and recognize the loss in the earliest period of the engagement
c. Use the percentage of completion method to recognize the loss over the remaining term of the engagement.
d. Recognize the loss in the current period rather than over the remaining term of the engagement
e. None of the above
Business
1 answer:
Ilya [14]3 years ago
7 0

Answer: D. Recognize the loss in the current period rather than over the remaining term of the engagement

Explanation:

A fixed rate contract is the contract whereby the payment amount isn't dependent on the resources or the time that were used.

Since there's evidence that a fixed-rate contract is over budget and will generate a loss for the firm, the manager should recognize the loss in the current period rather than over the remaining term of the engagement.

Therefore, the correct option is D.

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N Florida, any driver less than 21 years of age who is stopped by law enforcement and has a breath or blood alcohol level of .02
GalinKa [24]

Answer:In Florida, any driver under 21 years of age who is stopped by law enforcement and has a breath or blood alcohol level of .02 or higher will automatically have their driving privilege suspended for 6 months.

8 0
3 years ago
About what percentage of land in the United States is privately owned by citizens, corporations and nonprofit organizations?
AleksAgata [21]

Answer:

Approximately 60% of total US land is owned by private individuals, corporations and nonprofit organizations, while the remaining 40% is owned by American Indians, and federal, state and local governments.

The vast majority of privately owned land is held by farmers, ranchers and forest owners (57% of total), while nearly 80 million urban landowners account for 2% of the total.

The federal government owns approximately 33% of all the US land.  

5 0
3 years ago
Pepper Company reports a $120,000 increase in inventory and a $40,000 increase in accounts payable during the year. Cost of Good
True [87]

Answer:

The cash payments made to suppliers were $1,280,000

Explanation:

Cash Payment made to the supplier can be calculated using the following formula

Cash Payment made to suppliers = Cost of Goods Sold + Increase in Inventory - Increase in account payable

By Placing values in the formula

Cash Payment made to suppliers = $1,200,000 + $120,000 - $40,000

ash Payment made to suppliers = $1,280,000

4 0
3 years ago
During 2015, LeBron Corporation accepts the following notes receivable.a. On April 1, LeBron provides services to a customer on
kolezko [41]

Answer:

The journal entries are as follows:

(a) On April 1, 2015

Notes receivable  A/c          Dr.  $7,000

To Service revenue                                    $7,000

(To record provide services to customer on account)

(b) On June 1, 2015

Notes receivable  A/c          Dr.  $11,000

To Cash                                                    $11,000

(To record company lends to one of the vendors)

(c) On November 1, 2015

Notes receivable  A/c          Dr.  $6,000

To Accounts Receivables                       $6,000

(To record accepts payment for prior services)

6 0
3 years ago
Choose the best answer to complete the statement.
Grace [21]

Answer:

All networks are connected to the internet by a network.

Explanation:

A router, also a home network, allows you to connect several computers and other devices to a single Internet connection.

Hope this helps!

3 0
3 years ago
Read 2 more answers
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