Indiana Co. began a construction project in 2018 with a contract price of $164 million to be received when the project is completed in 2020. During 2018, Indiana incurred $38 million of costs and estimates an additional $90 million of costs to complete the project. Indiana recognizes revenue over time and for this project recognizes revenue over time according to the percentage of the project that has been completed. In 2019, Indiana incurred additional costs of $53 million and estimated an additional $37 million in costs to complete the project. Indiana (Do not round your percentage calculated):
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Business, 22.06.2019 09:40
Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.
Answers: 1
Business, 22.06.2019 19:00
In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?
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Business, 22.06.2019 23:00
If the reserve requirement is 10 percent, what amount of excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank?
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Business, 23.06.2019 02:30
Organizations typically rely on schedules, such as hourly wages and annual reviews and raises.
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Indiana Co. began a construction project in 2018 with a contract price of $164 million to be receive...
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