Contracts wants a document to listing the total cost for all the services totaling $415,200.00. We gave them the separated cost for each services you provided to us. The contracts department wants you to clarify this and provide documentation that indicates this amount. Will you require a prepayment again? If not, what are your payment terms you are expecting?

The cost sheet provides a summary of:a.Fixed costsb.Variable costsc.Direct costsd.All costs associated with a product or serviceClear my choice

_____ contracts involve payment to the supplier for direct and indirect actual costs and often include fees.Group of answer choicesCost-reimbursableFixed-price incentive feeLump sumFirm-fixed-price

On July 1, the company receives an invoice for $800 with the terms 1/10, net 30. On July 15 , the payment should be

The business previously prepaid 12 months rent on the business space for $2400. They have now used 1 month's worth of that prepayment and need to recognise this in their accounting records. Select the flows and accounts that the business would use to record this transaction.

Shantal Company is installing a new equipment and incurred the following costs:Cost of equipment per supplier’s invoice2,500,000Initial delivery and handling cost200,000Cost of site preparation600,000Consultants used for advance on the acquisition of equipment700,000Interest charged paid to supplier for deferred credit200,000Estimated dismantling cost to be incurred as required by contract300,000Operating losses before commercial production400,000What is the total cost of the equipment?