In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2026. Information related to the contract is as follows:
2024 2025 2026
Cost incurred during the year $ 2,640,000 $ 2,300,000 $ 2,926,000
Estimated costs to complete as of year-end 6,160,000 2,660,000 0
Billings during the year 2,080,000 2,860,000 5,060,000
Cash collections during the year 1,840,000 2,800,000 5,360,000Westgate recognizes revenue over time according to percentage of completion.
Required:
1. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years.

Answer: customer loyalty

Explanation:

Answer:

D.Intangible

Explanation:

Because three characteristics of service are: intangibility, inseparability, variability

The correct answer is D. Intangible.  is a characteristic of a service

Services are intangible in nature. This means that they do not have a physical presence and cannot be touched or held like physical goods. This is one of the key characteristics that differentiates a service from a product.

Options A, B, and C are typically characteristics of goods, not services:

A. Services cannot be stored for later use like physical goods.

B. Due to the human aspect involved in delivering services, they may not be repeated in exactly the same way each time.

C. Services are generally customized to the individual customer and are not mass-produced in the same sense as physical goods.

Option D is therefore a service characteristic.

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The most appropriate purpose of your message to the engineers and sales staff is verbal communication.

There are various types of communication systems prevailing in an office which can be used according to its diversified nature. They can be both verbal and non verbal and formal and informal as well.

The ultimate purpose of the firm is to transfer or deliever the message from one person to another and any comfortable channel can be used to make the thoughts and ideas available. For informal and verbal communication grapevine communication is the best.

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As he took office in 2009, his primary objective was to jumpstart the economy, create jobs, and improve access to affordable healthcare. However, the recession had severely weakened the economy, resulting in high unemployment rates and reduced consumer spending.
To address these issues, Obama implemented various economic policies, including the American Recovery and Reinvestment Act, which aimed to stimulate economic growth through infrastructure investments and tax cuts. Additionally, he signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aimed to prevent future economic crises by regulating the financial industry.

The housing crisis also played a role in Obama's domestic goals, as many Americans were struggling to keep their homes due to foreclosure and falling home values. To address this issue, Obama implemented the Home Affordable Modification Program, which aimed to help struggling homeowners refinance their mortgages and avoid foreclosure. Overall, the economic recession and housing crisis forced Obama to prioritize economic recovery and financial regulation, which impacted his domestic goals and policies during his presidency.
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Answer: A. conduct regular development programs for employees

Explanation: Culture is the lens through which we perceive the world. It is fundamental to what you see, how we interpret what we see, and how we express ourselves. We can improve employees' abilities, knowledge, and personal growth by implementing frequent development programs. This will encourage a culture of constant learning, improvement, and involvement. This will boost morale and possibly improve overall cultural organization.  We may accomplish this by holding numerous seminars and workshops to educate individuals about organizational culture, which will assist employees in making better decisions. We can also teach employees about David Hoopes model to learn more about organizational culture. It involves-

Ethnocentricity

Awareness

Understanding

Accept/Respect

Appreciate/value

Selective Adoption

Multiculturalism.

Therefore, to improve the organizational culture, we can conduct regular development programs for employees.

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a. The lowest acceptable transfer price from the perspective of the selling division (Division X) would be the variable cost per unit of the product. Selling below the variable cost would result in a loss for Division X.

b. The highest acceptable transfer price from the perspective of the buying division (Division Y) would be the price at which they can obtain the product from an outside supplier. If the transfer price exceeds the cost of purchasing the product externally, it would be more cost-effective for Division Y to buy from an outside supplier.

c. The range of acceptable transfer prices would be between the variable cost per unit (lowest acceptable price for Division X) and the external purchase price (highest acceptable price for Division Y). If the negotiated transfer price falls within this range, it is likely that a transfer will take place.

In a transfer pricing situation between divisions of the same company, both divisions have their own objectives and evaluate their performance based on divisional profits. The selling division (Division X) wants to maximize its profit, while the buying division (Division Y) aims to minimize its costs.

The lowest acceptable transfer price for Division X is the variable cost per unit because selling below that price would result in a loss for Division X. It is not in the best interest of Division X to sell the product at a price that doesn't cover its variable costs.

On the other hand, the highest acceptable transfer price for Division Y is the price it can obtain the product from an outside supplier. If the transfer price exceeds the cost of purchasing externally, Division Y would prefer to buy from the outside supplier to minimize its costs.

The range of acceptable transfer prices is determined by the difference between the variable cost per unit and the external purchase price. If the negotiated transfer price falls within this range, both divisions can benefit and a transfer is likely to take place. However, if the negotiated price is outside this range, it may not be mutually beneficial, and the divisions may need to explore alternative solutions or engage in further negotiations.

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To find the quantity demanded by each individual at a price of $10, we substitute

P = 10 into the individual demand equations:

Person A: QA = 180 - P = 180 - 10 = 170
Person B: QB = 200 - 2P = 200 - 2(10) = 180
Person C: QC = 220 - 3P = 220 - 3(10) = 190

At a price of $10:
Person A demands 170 units,
Person B demands 180 units,
Person C demands 190 units.

To find the quantity demanded by each individual at a price of $12, we substitute P = 12 into the individual demand equations:

Person A: QA = 180 - P = 180 - 12 = 168
Person B: QB = 200 - 2P = 200 - 2(12) = 176
Person C: QC = 220 - 3P = 220 - 3(12) = 184

At a price of $12:
Person A demands 168 units,
Person B demands 176 units,
Person C demands 184 units.

To find the market demand function, we sum the individual demand equations:

Qmarket = QA + QB + QC
        = (180 - P) + (200 - 2P) + (220 - 3P)
        = 600 - 6P

At a price of $10, the total quantity demanded by the market is:
Qmarket = 600 - 6(10) = 540 units

At a price of $12, the total quantity demanded by the market is:
Qmarket = 600 - 6(12) = 528 units

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By solving these equations simultaneously, we find that x = $4,000 and y = $7,000. Therefore, $4,000 was borrowed from the source charging 20% interest, and $7,000 was borrowed from the source charging 8% interest, resulting in a total borrowing of $11,000.

A total of $6,000 was borrowed.

Let's assume that the amount borrowed from the source charging 20% interest is represented by "x" dollars, and the amount borrowed from the source charging 8% interest is represented by "y" dollars.

We are given that the total amount borrowed is $11,000, so we have the equation: x + y = 11,000.

The interest earned from the 20% interest source is 0.20 * x, and the interest earned from the 8% interest source is 0.08 * y. The total interest earned at the end of 1 year is $1,840, so we have the equation: 0.20 * x + 0.08 * y = 1,840.

A total of $6,000 was borrowed.

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Answer:

The correct answer is Mixed Market.

Explanation:

A Mixed Market, also known as a Mixed Economy, is an economic system where the government intervention and free enterprise coexist. In this type of system, the private property is protected and the laws of supply and demand determine prices, not the federal government. The duty of this latter, however, is to protect the people and the market to a certain extent.

Usually, the state is involved in international trade, national transportation, and military. In some countries, it also has a large role in major industries such as banking, energy production, health care, welfare, aerospace, and retirement programs. In other countries, its role may consist in creating certain guidelines to direct the economy.

An economy that balances government intervention with free enterprise is known as a mixed market. The correct option is c.

A mixed market economy is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

According to neoclassical theory, mixed economies are less efficient than pure free markets, but proponents of government interventions argue that the base conditions required for efficiency in free markets, such as equal information and rational market participants, cannot be achieved in practical application. The disadvantage of a mixed market economy for most citizens is that it can be very difficult for citizens to start private businesses.

Mixed economies socialize select industries that are deemed essential or that produce public goods.

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Explanation:

The statement highlights the fact an activity we may consider ourselves good at may not necessarily strengthen us mentally.

Hence, it emphasizes the need for self-evaluation of the needs we are good at to see whether actually makes us happy.

For example, someone who is good at telling nice stories and yet discovers when they are involved in that activity they aren't happy.

This scenario rightly dipicts why one's strength is not determined by what they are good.

Therefore, we can say indeed, "Just because you're good at something doesn't make it a strength!!".

Answer:

Positive aspects of diversity is that no one is the same. Everyone is  their own person. There is no negative to diversity. It is the people themselves who think negativly of diversity often by discrimination.

Explanation:

i hope this helped and was on point and I'm sorry if it wasn't. I just stumbled on your question...

Answer:

stereotyping

Explanation:

Answer:

hope help you

Explanation:

Here are several ways you can improve your analytical skills:

Read more. An important part of being analytical involves being alert and remaining stimulated. ...

Build your mathematical skills. ...

Play brain games. ...

Learn something new. ...

Be more observant. ...

Join a debate club. ...

Take an exercise class. ...

Keep a journal.

Higher education in Texas is funded through multiple sources, including tuition and fees paid by students, as well as financial support from the legislature.

Funding for higher education in Texas comes from a combination of different sources. One significant source of funding is the tuition and fees paid by students. Tuition fees are typically set by the universities and can vary depending on factors such as the type of institution (public or private), program of study, and residency status of the student. These fees contribute to the operating budget of the universities and help cover various expenses, including faculty salaries, facilities maintenance, and academic programs.

In addition to student contributions, universities in Texas also heavily rely on financial support from the legislature. The state government allocates funds to higher education institutions to support their operations, infrastructure development, research initiatives, and other educational programs. This funding is usually part of the state budget and is determined through legislative decisions. The amount of funding can vary from year to year based on factors such as economic conditions, state priorities, and competing budgetary needs.

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Answer:

For the most part, Franchisees own the land and run the day to day operations of the stores that they finance.

Explanation:

Answer:

Money is called any element that works in a given territory as a method of exchange of wealth and as a reserve of value, that is, it can be exchanged between individuals for other goods, and that in turn can be accumulated by each individual to add to your personal wealth. In this context, almost any item that has been commonly accepted as having these characteristics can be considered money. However, there are circumstances in which, either due to their lack of storage practicality, or their high value in itself, certain elements escape this possibility. This is the case of a gold ring, whose excessively high value and the impossibility of its fractionation take away the possibility of being used as a method of exchange.

The basic benefits and purposes of pro forma statements and cash budget are to predict forecast and to manage cash flow. The situation disinflation following a highly inflationary can have positive effect on reduced the cost of goods and services.

For the first question,

Pro forma statements allow companies to anticipate future revenues and expenses, and to make informed decisions about business operations.

A cash budget helps companies to plan for and manage cash inflows and outflows, ensuring that they have enough cash on hand to meet their obligations.

However, there are also pitfalls in the process, including unrealistic assumptions and unforeseen events that can affect financial performance. To avoid these pitfalls, companies should be conservative in their estimates, regularly review and update their assumptions, and have contingency plans in place in case of unexpected events.

For the second question,

Disinflation following a highly inflationary period can have a positive effect on the reported income of a firm because it reduces the cost of goods and services, which can increase profit margins. Disinflation can also be favorable to financial assets because it reduces the risk of inflation eroding the value of investments.

However, there is also a spectre of worry for the firm regarding inflation or disinflation because it can be difficult to predict and manage. Companies need to closely monitor economic conditions and be prepared for changes in inflation or disinflation that could affect their financial performance.

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An information management specialist would be the one to fix an issue with a network.

The best estimate of the price elasticity of demand for salmon at Francesca's is approximately -1.25. The correct option is e. 1.25.

To estimate the price elasticity of demand for salmon at Francesca's, we can use the midpoint formula:

Price elasticity of demand = ((Q2 - Q1) / ((Q2 + Q1) / 2)) / ((P2 - P1) / ((P2 + P1) / 2))

Using the given information:

Q1 = 30 plates

Q2 = 18 plates

P1 = $20

P2 = $30

Plugging these values into the formula:

Price elasticity of demand = ((18 - 30) / ((18 + 30) / 2)) / (($30 - $20) / (($30 + $20) / 2))

Price elasticity of demand = (-12 / (48 / 2)) / (10 / (50 / 2))

Price elasticity of demand = (-12 / 24) / (10 / 25)

Price elasticity of demand = (-0.5) / (0.4)

Price elasticity of demand ≈ -1.25

Therefore, The best estimate of the price elasticity of demand for salmon at Francesca's is approximately -1.25. The correct option is e. 1.25.

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A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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Answer:

the answer is B

Explanation:

Answer:

A. to generate interest in a story to attract viewers and readers

The cost of goods sold for Monte Vista during the quarter is $10,500. The correct answer is $10,500.

Monte Vista uses the perpetual inventory system, which continuously updates inventory records as transactions occur. At the beginning of the quarter, the company has $30,000 in inventory. They then purchase $7,900 of new inventory, return $700 of inventory to the vendor, and take advantage of vendor discounts worth $200.

To calculate the cost of goods sold (COGS), we need to determine the value of inventory used during the quarter. First, we add the beginning inventory to the purchased inventory: $30,000 + $7,900 = $37,900. Next, we subtract the returned inventory and the vendor discount: $37,900 - $700 - $200 = $37,000. This is the adjusted inventory amount.

At the end of the quarter, the balance in inventory is $26,500. To find the COGS, we subtract the ending inventory from the adjusted inventory amount: $37,000 - $26,500 = $10,500.

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The United States Department of Labor is the department that oversees issues related to wages, unemployment insurance, and occupational safety.

The department of labor in the United States is a federal organization that deals with the development, and promotion of worker welfare, retired workers, and individuals looking for a job. Furthermore, the organization works towards the improvement of employment benefits, advancement opportunities, improvement of working conditions, and rights of the workers. The organization also administers labor laws that are for the benefit of the workers.

The United States department of labor is a major federal organization department that handles worker-related issues, works against unfair labor practices, and assists the development of labor.

It can be concluded that the United States Department of Labor is the department that oversees issues related to wages, unemployment insurance, and occupational safety.

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Answer:

Staying connected

Explanation:

Answer:

Explanation:

1,3 and 2,4 and 5,6 and thats it

Net and gross requirements are shown on an assembly-time chart while taking into consideration the inventory that is currently on hand.

Resources are all the goods, products, and materials that a business has available for sale in order to turn a profit. Exemplar: Only the newspaper will be considered inventory if a newspaper vendor uses a car to ring bells to customers. The vehicle will be regarded as an asset.

Calculating beginning inventory requires determining the cost of goods sold (COGS). The cost of new inventory acquisitions should then be subtracted, and the value of the most recent end stock should be added. The calculation is (COGS + closing balance) - purchases.

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The answer to the given question is as follows:Explanation:Individuals who have been using the Wii do not want to switch to the Move because they relate it to a superior gaming experience and also because it has been in the market for a long time.

The Wii is an example of a product that has high brand equity. High brand equity refers to a product that has strong brand recognition and is generally viewed favorably by consumers.

The product enjoys high consumer loyalty and demand. This means that the Wii has a strong brand identity, which leads to customer preference and loyalty over a longer period of time.

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