Answer:
The transaction price would Leo estimated for this contract is $30,000
Explanation:
The computation of the transaction price is shown below:
= (Fixed fee + additional amount) × chance + fixed fee × chance
= $35,000 × 50% + $25,000 × 50%
= $17,500 + $12,500
= $30,000
hence, the transaction price would Leo estimated for this contract is $30,000
We simply applied the above formula so that the correct answer could come
Answer:
The correct answer is letter "A": path dependence.
Explanation:
Path dependency refers to the stage in which a company does not engage new ventures because it is too familiar with its current processes. Besides, the entity has the belief that continuing with the historical product is has been offering is more cost-effective than engaging in the production of a new good.
<em>The competitive advantage of the institution remains the same during the whole time which is a weakness because the market of the firm could change but the firm does not implement any measure to keep the pace of the market fluctuations.</em>
Answer:
The answer is given below;
Explanation:
XYZ
Extracts from Balance Sheet
As at XXXXX
Current Liabilities
Current portion of long term loan *$25,000
Long Term Liabilities
Long Term Loan $25,000
As the 50% of the loan will be repaid in next year, therefore ($50,000/2) will be shown in current liabilities. The rest of the loan is shown as long term loan as it will be repaid after 12 months.
Answer:
Implementation Phase
Explanation:
After Planning, it is imporrant to carry out clarified Implementation to successfully carry out what need to be done and when. This is important to ensure your plan is achieved without fault. Sweatshop labour which is a situation where workers are employed at low wages and mostlyunder unhealthy conditions to produce products usually occurs during the implementation phase.
Answer:
The answer is C. Proactive management
Explanation:
Proactive management looks ahead. They are not reactive. They envisage problems before it occurs. They institute or set up internal controls which will not be conducive to fraud. Internal controls like segregation of duty, dual control, authorization etc.
But in an organization where perceived inequalities are rife, employees will tend to play fast because they are not satisfied.
Also, when unreasonable budget are set by the management, employees tend to do all things possible to achieve this budget so as to keep their job. This breeds the thought of fraud.
High employee turnover too can lead to fraud because staffs know they wont stay too long.
