Business, 19.07.2019 21:20 mostman077
On january 1, year 1, big co. enters into a contract with a customer to build a bridge on the customer’s land for $2,500,000. the construction of the bridge is expected to be completed at the end of year 3. big determines that the progress toward completion of the bridge is reasonably measurable using the input method based on costs incurred. at contract inception, big estimates that the expected total cost of construction will be $1,700,000. below are the (1) actual costs incurred during each year, (2) expected costs to complete the construction, and (3) amounts billed to the customer: year 1 year 2 year 3 costs incurred each year $ 700,000 $500,000 $800,000 costs expected in the following years 1,300,000 675,000 0 amounts billed to (and paid by) the customer each year 700,000 950,000 850,000 what amount of revenue on this contract is recognized by big in its year 1 income statement?
Answers: 2
Business, 21.06.2019 21:20
Kahn company's static budget was based on sales volume of 12,000 units. its flexible budget was based on sales volume of 14,000 units. based on this information multiple choice the sales volume variance is expected to be unfavorable. the materials cost volume variance is expected to be favorable. the labor cost volume variance is expected to be unfavorable. none of the answers is correct.
Answers: 3
Business, 22.06.2019 01:00
Which type of data is generally stored in different file formats, such as text files, spreadsheets, and so on?
Answers: 3
Business, 22.06.2019 20:30
1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19
Answers: 1
Business, 22.06.2019 20:40
Which of the following would indicate an improvement in a company's financial position, holding other things constant? a. the inventory and total assets turnover ratios both decline.b. the debt ratio increases.c. the profit margin declines.d. the times-interest-earned ratio declines.e. the current and quick ratios both increase.
Answers: 3
On january 1, year 1, big co. enters into a contract with a customer to build a bridge on the custom...
Mathematics, 17.10.2021 14:20
History, 17.10.2021 14:20
History, 17.10.2021 14:20
Mathematics, 17.10.2021 14:20
English, 17.10.2021 14:20
English, 17.10.2021 14:20
Mathematics, 17.10.2021 14:20
Law, 17.10.2021 14:30
Spanish, 17.10.2021 14:30
English, 17.10.2021 14:30
Mathematics, 17.10.2021 14:30
English, 17.10.2021 14:30
English, 17.10.2021 14:30