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The contract cost for constructing a house in June 2005 was $242,555. The index for that month was 205.2 and the current index i

larisa86 [58]

The contract cost for constructing a house in June 2005 was $242,555. The index for that month was 205.2 and the current index is 288.8. What is the estimated cost to build the house today $314374.

What is Contract Costing?

Contract costing is used to keep track of expenses associated with a certain contract with a customer. For instance, when a company submits a bid for a major construction project, the business and the potential client engage in a contract describing the parameters of a particular kind of reimbursement for the business.

How do you calculate contract cost?

To determine TCV, multiply the monthly recurring revenue (MRR) by the number of months left in the contract's term, and then add any other one-time costs specified in the agreement.

Total Contract Value = Monthly Recurring Revenue (MRR) x Contract Term Length + Any One-time Fees.

Learn more about contract :brainly.com/question/2669219

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4 0

2 years ago

Type the correct answer in the box. Spell all words correctly. Which term describes a list of all ledger accounts that businesse

Gnom [1K]

Answer:

General Legder

Explanation:

A general ledger is a title given to the entire accounting system of a company. The general ledger comprises all the accounts used in the bookkeeping system of a company. It sorts and summarizes a company's financial transactions.

The general ledger keeps and maintains information required to prepare the company's financial statements.

3 0

3 years ago

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Barbara sells iced tea for $1. 49 per bottle and water for $1. 25 per bottle. She wrote an equation to find the number of bottle

Alekssandra [29.7K]

Solving a linear inequality is comparable to solving a linear equation because the goals of both are the same, namely to obtain the <u>variable alone</u>.

The right answer, option D, is The Barbara equation<u> did not take</u> into account the number of bottles of water.

<h2>Given:</h2>

The cost of a bottle of iced tea is $1.49.

The cost of a bottle of water is $1.25.

<h3>Barbara created the equation:</h3>

$1.25x+1.49=100$

In this question, Barbara multiplies the bottle's selling price by the number of bottles using the coefficient x.

However, she d<u>id not apply</u> any coefficient to the bottle of water.

<h3>
The right equation is:</h3>

$1.25x+1.49y =100$

where y is the number of water bottles sold to make a $100 profit.

As a result, the right answer is that the Barbara calculation<u> did not take</u> into account the number of bottles of water.

For more information about linear equations, refer below:

brainly.com/question/567493

7 0

3 years ago

Gordon Manufacturing earned net income of $100,000 during 2015. The company wants to earn net income of $40,000 more during 2016

olga_2 [115]

Answer:

$267,142.86

Explanation:

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.

As such, the total sales less the total cost gives the net income.

Let the required sales be $Y

Y - 0.3Y - 147,000 = 40,000

0.7Y = 40,000 + 147,000

Y = 187,000/0.7

= $267,142.86

8 0

3 years ago

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Harvard Company purchased equipment having an invoice price of $11,500. The terms of sale were 2/10, n/30, and Harvard paid with

Nataly_w [17]

Answer:

$12,546

Explanation:

Invoice price $11,500 × 0.98 =$11,270

Add: Delivery charge $160

Installation charge $185

Sales tax $931

Cost of equipment $12,546

Therefore the amount recorded as the cost of this equipment is is $12,546

4 0

4 years ago