Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Cheyenne Construction Company began operations on January 1, 2017. During the year, Cheyenne Construction entered into a contract with Lundquist Corp. to construct a manufacturing facility. At that time, Cheyenne estimated that it would take 5 years to complete the facility at a total cost of $4,498,000. The total contract price for construction of the facility is $6,045,000. During the year, Cheyenne incurred $1,184,040 in construction costs related to the construction project. The estimated cost to complete the contract is $4,197,960. Lundquist Corp. was billed and paid 25% of the contract price. Prepare schedules to compute the amount of gross profit to be recognized for the year ended December 31, 2017, and the amount to be shown as “costs and recognized profit in excess of billings” or “billings in excess of costs and recognized profit” at December 31, 2017, under each of the following methods. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). If answer is 0, please enter 0. Do not leave any fields blank.) (a) Completed-contract method. Gross Profit to be recognized $ Computation of Billings on Uncompleted Contract in Excess of Related Costs under Completed-Contract Method $ $ (b) Percentage-of-completion method. Computation of Gross Profit to Be Recognized under Percentage-of-Completion Method $ $ % $
Assume you are planning to purchase a used car. Our objective is for you to apply the material on consumer decision processes. Identify the key attributes you would like to learn about before you make your decision. Identify the importance of each at..
Determine the station speed of the companys assembly line assuming that it is set for the operator whose pace is 85% of average (Z value for 85% or 15%=1.04 or, -1.04).
A capacity alternative has an initial cost of $50,000 also cash flow of $20,000 for each of next four years. If cost of capital is 5 percent, net present value of this investment is approximately.
What value have you found relative to the study of quality? How have your views on quality developed over the course of our study? What have been the two outcomes from this course that you will be able to apply personally or professionally? Be sure t..
Which of the statements below describes the IRR decision criterion?
The demand for subassembly S is 100 units in week 7. Each unit of S requires 1 unit of T and 2 units of U. Each unit of T requires 1 unit of V, 2 units of W, and 1 unit of X.
If your classmate lacks motivation to finish this course or stay in college, what can you do to be part of his or her learning community? What might your advice be
Brown pays you $500 for your barren cow. A non barren cow is worth say $2500. Farmer Brown takes the cow to his farm. Shortly after Farmer Brown informs you that the cow is about to give birth to a calf . You are upset because the calf is worth some ..
What are some of the possible fallacies in interpreting research results? How might the concepts of Type I & Type II error affect your interpretation of research?
Review the mission statement of your selected organization. Prior to creating a strategy map, identify your stakeholders. Complete a stakeholder analysis to identify and prioritize the various stakeholders. Refer to the "Stakeholder Analysis" reso..
Since healthcare tends to be local, as a policymaker what would you do to encourage the larger community (retailers, restaurants, employers, schools, religious institutions, payers, and providers) to improve the health of the community? For these ini..
The board of directors of Biggie Corporation at a regular meeting of the board entered into a contract with Wilbur, one of the directors. The contract called for Biggie to purchase some land from Wilbur. There were ten members on the board, eight of ..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd