Business, 04.04.2020 08:35 aidanfbussiness
In 2015, Fargo Corporation began construction work under a three-year contract. The contract price is $4,800,000. Fargo uses the percentage-of-completion method for financial accounting purposes. The income to be recognized each year is based on the proportion of costs incurred to total estimated costs for completing the contract. The financial statement presentations relating to this contract at December 31, 2015, follow:
Balance Sheet
Accounts receivable—construction contract billings: $200,000
Construction in progress: $600,000
Less contract billings: 480,000
Costs and recognized profit in excess of billings: 120,000
Income Statement
Income (before tax) on the contract recognized in 2015 $120,000
~How much cash was collected in 2015 on this contract?
a. $200,000
b. $280,000
c. $40,000
d. $480,000
Answer from: Quest
Wait hold on lemme think
Answer from: Quest
it is d i just took the test
Answer from: Quest
answer; commerce clearing house;
Answer from: Quest
answer; no individual buyer or seller has any significant impact on the market price;
Business, 21.06.2019 19:10, xojade
Maldonia has a comparative advantage in the production of , while lamponia has a comparative advantage in the production of . suppose that maldonia and lamponia specialize in the production of the goods in which each has a comparative advantage. after specialization, the two countries can produce a total of million pounds of lemons and million pounds of coffee.
Answers: 3
Business, 21.06.2019 21:00, marie1211
John novosel was employed by nationwide insurance company for fifteen years. novosel had been a model employee and, at the time of discharge, was a district claims manager and a candidate for the position of division claims manager. during novosel's fifteenth year of employment, nationwide circulated a memorandum requesting the participation of all employees in an effort to lobby the pennsylvania state legislature for the passage of a certain bill before the body. novosel, who had privately indicated his disagreement with nationwide's political views, refused to lend his support to the lobby, and his employment with nationwide was terminated. novosel brought two separate claims against nationwide, arguing, first, that his discharge for refusing to lobby the state legislature on behalf of nationwide constituted the tort of wrongful discharge in that it was arbitrary, malicious, and contrary to public policy. novosel also contended that nationwide breached an implied contract guaranteeing continued employment so long as his job performance was satisfactory. what decision as to each claim?
Answers: 3
Business, 22.06.2019 04:40, mswillm
Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e. g., 32.16))
Answers: 3
Business, 22.06.2019 20:00, 2965276513
Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it. g
Answers: 2
In 2015, Fargo Corporation began construction work under a three-year contract. The contract price i...
Mathematics, 19.02.2021 01:30
English, 19.02.2021 01:30
Business, 19.02.2021 01:30
Mathematics, 19.02.2021 01:30
Computers and Technology, 19.02.2021 01:30