<span>If a software package is purchased, consider a supplemental maintenance agreement, which offers additional support and assistance from the vendor.
Have you ever bought a new electronic and it comes with a 60 days support from the manufacturer and then once that is up, you have to pay for additional support? That is an example of supplemental maintenance agreement. For a period of time (set by the vendor) you will receive support on your product, </span>afterwards, if you would like additional help you will need to register for technical support by paying a service fee.
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.
Answer:
IV
YES
Explanation:
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business.
They include rent , salary and cost of raw materials
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
economic profit includes the opportunity cost of funds
In some industries, only normal profit is earned in the short run. For example, in a perfect competition and monopolistic competition, only normal profit is earned in the long run due to free entry and exit of firms in the industry. thus if only normal profit would be earned, the company should still go ahead and establish
A <u>technical or logic</u> constraint addresses the sequence in which project activities must occur even after considering resource constraints.
Technology-associated circumstance or maybe that stops the assignment from completely turning in an appropriate way to customers and end users.
Logical constraints are one precise form of discrete or numerical Constraints.
It sincerely way the cease-to-end manner of moving and storing elements of completed and unfinished items. as instance, a vehicle production employer will shop and transfer motors (or their parts) in a systematic way.
Operations control consists of three stages: strategic, tactical, and operational.
Learn more about operation management here
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Answer:
Instructions are listed below.
Explanation:
Giving the following information:
A) You want $1,000,000 when you retire in 40 years. It earns 6 percent annually.
We need to use the following version of the final value formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
FV= 1,000,000
n=40
i=0.06
A= (1,000,000*0.06) / [(1.06^40)-1]
A= $6,461.53
B) You decided to contribute $500 a month into a fund that is expected to earn 6 percent, compounded monthly. If you start the contribution a month from today for 30 years.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
n= 30*12= 360
i= 0.06/12= 0.005
A= 500
FV= {500*[(1.005^360)-1]}/0.005= $502,257.52