<u>Answer:</u>
Answer for Part A and Part B is as follows:
Particulars 2016 year 2017 year
Contract Price $13,00,000 $13,00,000
Cost that has been incurred $675000 $950000
Estimated cost to complete $225000 $0
TOTAL COST $900000 $950000
Expected Gross profit $400000 $350000
Percentage that is completed 75 percent 100percent
Gross profit to be recognised $300000 $50000
<u>Note</u>: Calculations have been made according to the data and figures given in the question.
Explanation:
different distances traveled in equal times; The speed of the object is changing. Periodic Motion. a motion that repeats itself.
Answer:
This is made due to the application of the cost principle or historical cost concept.
Explanation:
The cost principle or historical cost concept states that the assets, equities, and liabilities are required to be recorded on the financial records on the basis of their original cost. Thus as the cash paid is ZMW 51,000, the same is required to be recorded on the balance sheet of the buyer.
The amount of money that you still owe to the Credit card Company is called Credit card balance.
Credit card balance refers to the amount of money one has spent on their card and they haven’t paid back to the Credit card Company.
<h2>Further Explanation
</h2>
- A credit card is a card in which any payment made by the card holder using the card, then it means they have borrowed money from the Card Company to pay at a later date.
- In other words, unlike debit cards, credit cards allows customers to borrow money from the Credit Company or the card issuer for the purposes of making purchases up to a certain limit.
<h3>Credit card balance
</h3>
- Credit card balance is the money that has been spent by the card holder and have not been paid back to the card issuer. For instance, if an individual spends $ 550 to make purchases of items, and they have not paid back, then the credit card balance will be $550.
<h3>Terms Associated with Credit Cards
</h3><h3>Credit card limit </h3>
- Credit card limit refers to the maximum amount of money that the card holder is allowed to borrow on the card. The can holder, cannot make purchases exceeding the Credit card limit.
- If the Card limit is exceeded then the Card issuer charges an over-limit fee depending on the agreement between the card holder and the card issuer.
<h3>Credit card fee
</h3>
- Credit card fee is the annual fee that the card issuer or the card Company charges the card holder for the privilege of using the credit card. This fee may be also called participation fee or the membership fee.
<h3>Credit card interest </h3>
- Credit card interest may be referred to as the Annual percentage rate, which is the annual rate of interest that includes the fees and the costs incurred to get a loan.
Keywords: Credit card, Credit Card Company, Credit card limit, credit card holder.
<h2>Learn also about:
</h2>
- Debit card and its advantage: brainly.com/question/1006222
- Difference between Credit card and debit card: brainly.com/question/10163886
Level: High school
Subject: Business
Topic: Trade
Sub-topic: Modes of payment
$613.04 will the investment be worth in 12 years.
<h3>What is
investment?</h3>
The dedication of an asset to achieve a gain in value through time is referred to as investment. Investment necessitates the sacrifice of a current item, such as time, money, or effort. The goal of investing in finance is to earn a return on the invested asset.
Income investing is an investment approach that focuses on constructing an investment portfolio that is expressly designed to provide recurring income. The income investing strategy's main goal is to generate a consistent stream of income.
The type of investor you are and how you should make investments are determined by your investing personality. Your investing personality is essentially your financial risk profile, which considers aspects such as age, financial history, circumstances, and investment aspirations.
To know more about investment follow the link:
brainly.com/question/25300925
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