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Scorpion4ik [409]
3 years ago
7

Summary data for Benedict Construction Co.'s (BCC) Job 1227, which was completed in 2021, are presented below:

Business
1 answer:
Elza [17]3 years ago
8 0

Answer:

A.) 33,000

Explanation:

The computation of the gross profit is as follows;

But before that following calculations need to be done

Percentage of completion = Cost incurred in 2020 ÷ Total cost

where,

Total cost = Cost incurred + estimated cost

= $180,000 + $200,000

= $380,000

Now

Percentage of completion is

= $180,000 ÷ $380,000

= 47.368%

Now  

Revenue to be recognized in year 2020 is

= contract revenue × percentage of completion

= $450,000 × 47.368%

= $213,156

So,

Gross profit = Revenue - Cost

= $213,156 - $180,000

= $33,156

= $33,000

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pychu [463]

Answer: Option (A)

Explanation:

Stigma is referred to as or known as the discrimination against or disapproval of, an individual based on the perceivable social standards or characteristics which serves in order to distinguish the individual from the other members of the society. These social stigmas are usually inclined towards the gender, culture, race, health and intelligence.

7 0
3 years ago
If a manufacturing process takes 4 hours per unit of x1 and 2 hours per unit of x2 and a maximum of 100 hours of manufacturing p
Darina [25.2K]

The algebraic formulation of the constraint involved in this manufacturing process is <u>c. 4x1 + 2x2 <= 100</u>.

<h3>What is a constraint?</h3>

A constraint is a condition that an optimization problem must satisfy to provide a solution.

The types of constraints are:

  • Equality constraints
  • Inequality constraints
  • Integer constraints.

<h3>Answer Options:</h3>

a. 4x1 + 2x2 >= 100

b. 4x1-2x2 <= 100

c. 4x1 + 2x2 <= 100

d. 4x1 2x2 >= 100

Thus, the algebraic formulation of the constraint involved in this manufacturing process is <u>c. 4x1 + 2x2 <= 100</u>.

Learn more about constraints at brainly.com/question/23796291

7 0
2 years ago
1. Population groups philosophy
makkiz [27]

Answer:

1. Population groups: target groups

2. Mission statement: philosophy

3. Human services: social services

Explanation:

This is the best way to connect these terms. A population group refers to a section of the population that is discussed or targeted in a particular project or campaign. These can refer to ethnicities, ages, or some other social characteristic. A mission statement refers to a phrase or an idea that drives the work of a particular organization. Finally, human services refers to a range of social services that are usually provided by the government or by organizations. These usually include services such as healthcare or education.

8 0
3 years ago
International Paper Company, MeadWestvaco, and Rubicon, Ltd. Work together and found ArborGen, a new biotechnology company that
Pachacha [2.7K]

Answer: Joint venture

Explanation: A joint venture can be defined as a business entity, that is created by two or more firms by shared ownership or sharing in risk and returns. The joint venture is usually done by the firms for targeting new emerging markets to increase their customer base.

In the given case, Arboren is a new company and is formed by the joint ownership of three existing firms.

Hence, from the above we can conclude that this is an example of Joint venture.

4 0
3 years ago
Another bank is also offering favorable terms, so Rahul decides to take a loan of $22,000 from this bank. He signs the loan cont
Wittaler [7]

Answer:

$22,897.74

Explanation:

Given:

Loan amount (P) = $22,000

rate (R) = 8% = 8/100=0.08/365 = 0.000219178082

Number of days(n) = 6 month = (6 x 365)/12 = 182.5

Total Amount = ?

A = P(1+ I)^n\\A = 22,000(1+0.000219178082)^{182.5}\\=22,000(1.000219178082)^{182.5}\\=22,000(1.04080658)\\= 22,897.744

Therefore, he have to pay $22,897.74 to the bank.

5 0
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