Abc construction company build a grocery store for

Assignment Help Accounting Basics
Reference no: EM13592908

ABC Construction company build a grocery store for MegaGrocers. The contract provided that the contract price would be $ 5 million. ABC incurred $ 4.5 million in costs and would make a profit of $ 500,000.00 under the terms of the contract. On final inspection, the grocery store owner is upset because the building's blueprints called for 28 skylights and the finished store only has 18. To install the remaining skylights would cost $ 100,000.00. There were no other errors or omissions by ABC in its construction of the grocery store. How much must the grocer store owner pay ABC?

Reference no: EM13592908

Questions Cloud

The ingot is suspended from a rope and totally immersed in : question a solid aluminum ingot weighs 92 n in air.a what is its volume?b the ingot is suspended from a rope and
Two charges q1 and q2 are 80 cm apart charge q1 50 nc and : two charges q1 and q2 are 8.0 cm apart. charge q1 5.0 nc and q2 -5.0 nc. what is the the electric field at point p
During 20 2012 pam a single taxpayer reports the following : during 20 2012 pam a single taxpayer reports the following income and expense items relating to her interior design
The axis of the coil is perpendicular to the field at all : a 50 turn square coil has an area 15.0 cm2 and is rotated with an angular speed of 80.0 rads in a uniform 0.40 t
Abc construction company build a grocery store for : abc construction company build a grocery store for megagrocers. the contract provided that the contract price would be
What is the terminal voltage of each battery in this : a 3.20 v battery and a 1.10 v battery each with an internal resistance of 5.00 omega are connected in parallel. that is
Demand for a popular athletic shoe is nearly constant at : demand for a popular athletic shoe is nearly constant at 900 pairs per week for a regional division of a national
An aluminum wirehaving a cross-sectional area equal : an aluminum wirehaving a cross-sectional area equal to3.1010-6m2carries a current of8.00a. the density of aluminum is
Sam weller is thinking of investing 97000 to start a : sam weller is thinking of investing 97000 to start a bookstore. sam plans to withdraw 26000 from the business at the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Realizing that providing for a comfortable retirement is up

realizing that providing for a comfortable retirement is up to them ted and lillie commit to make regular contributions

  Handy-man services is a repair-service company specializing

handy-man services is a repair-service company specializing in small household jobs. each client pays a fixed monthly

  Southside city debt service fund

Assuming the City maintains it books and records in a manner that facilitates the preparation of the fund financial statements, prepare journal entries, in the Debt Service Fund, for the following transactions.

  Case study of riley company

Riley Company authorized a $1,000,000, 10-year, 6% bond issue dated July 1, 2009, with annual interest to be paid each December 31. On July 1, 2009, the bonds were issued for $886,500. Riley Company has a December 31 year-end.

  Non-controlling interest share of consolidated net income

Race decided to use the equity method to account for this investment. What was the non-controlling interest's share of consolidated net income?

  Overhead is applied to production at the rate of 15 per

atkinsons reliable tools makes two products that use similar raw materials 587q and 253x. estimated production needs

  You have won a lottery you will receive 200000 after taxes

you have won a lottery. you will receive 200000 after taxes each year for the next 5 years. describe the process you

  Explain the managerial significance of the accounting

Assume the marina operator is unsophisticated in business. Explain the managerial significance of the accounting above to this person.

  Prepare the journal entry to record the previous transaction

(a) Prepare the journal entry to record the previous transaction, under the following conditions.

  How many palnt stands must be sold to break even if greene

green fingers co. makes small plant stands that sell for 25 each. the companys annual level of production and sales is

  How much will you have in the account at the end

Why is the final amount in each mutual fund different and How much will you have in the account at the end of 20 years?

  Comfort inc manufactures luxury leather armchairs the

comfort inc. manufactures luxury leather armchairs. the standard cost for material and labor is 89.20 per chair. this

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd