User Account

All Pages

Compute the cash collectionsfor the year

Assignment Help Accounting Basics
Reference no: EM133053986

Question - Antonio Corporation begun construction work in 2021 for a project with a contract price of P8,000,000. Antonio Corporation uses the percentage of completion method. The financial statements for 2021 relating to the contract shows the following:

Accounts receivable P500,000

Construction in progress 1,600,000

Progress billing to date 1,500,000

Gross profit earned in 2021 200,000

Required - Compute the following for the year 2021: 1. Cash collections 2. Cost incurred to date.

Reference no: EM133053986

Questions Cloud

How much is the deductible interest expense : Taylor Corporation's ordinary voting shares are 55% owned by Mr. Alwyn and 10% owned by Big Machine Corporation. How much is the deductible interest expense
Examine the functions of a commercial bank : Critically Examine the functions of a commercial bank and explain each of the functions.
Past achievements in smart mobility technology : Ques2: impact of smart mobility on the economy and our everyday life is the next topic to discuss
Study on insurance requirements for new immigrants : How to create a literature review and literature map in RSCH 600 paper for the topic Study on Insurance requirements for new immigrants to Canada.
Compute the cash collectionsfor the year : Antonio Corporation begun construction work in 2021 for a project with a contract price of P8,000,000. Compute the Cash collectionsfor the year
Sexual harassment allegations : Who were the primary stakeholders that were affected by the John Lasseter sexual harassment allegations involving Disney and Pixar?
Brief definition and explanation of diversity : Brief definition and explanation of diversity and special needs as they apply to early childhood education. Highlight the strategies for supporting students
Malaysia and japan or malaysia and german : Choose a pair of hypothetical business negotiation teams (Example: - Malaysia and Japan OR Malaysia and German).
State which eylf outcome links best : Choose an activity that encouraged independence, challenged the children and allowed them to take appropriate risks. a) Describe the activity and the risks invo

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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