Business, 18.11.2019 22:31 ErickP1686
Ivanhoe construction is constructing an office building under contract for cannon company and uses the percentage-of-completion method. the contract calls for progress billings and payments of $165 each quarter. the total contract price is $18708000 and ivanhoe estimates total costs of $1785. ivanhoe estimates that the building will take 3 years to complete, and commences construction on january 2, 2018. at december 31, 2018, ivanhoe estimates that it is 30% complete with the construction, based on costs incurred. what is the total amount of revenue from long-term contracts recognized for 2018 and what is the balance in the accounts receivable account assuming cannon company has not yet made its last quarterly payment?
revenue accounts receivablea. $3,720,000 $3,720,000b. $3,195,000 $ 930,000c. $3,348,000 $ 930,000d. $3,195,000 $3,720,000
Answers: 3
Another question on Business
Business, 22.06.2019 13:00
Explain the relationship between consumers and producers in economic growth and activity
Answers: 1
Business, 22.06.2019 15:20
Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is
Answers: 2
Business, 22.06.2019 18:00
During the holiday season, maria's department store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. maria's is using during these rush times.
Answers: 3
Business, 22.06.2019 21:50
The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.
Answers: 1
You know the right answer?
Ivanhoe construction is constructing an office building under contract for cannon company and uses t...
Questions
English, 10.03.2020 06:09
Mathematics, 10.03.2020 06:09
History, 10.03.2020 06:09
Mathematics, 10.03.2020 06:09
Computers and Technology, 10.03.2020 06:10
