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!
On December 31, 2009, Tri-State Construction Inc. signs a contract with the state of Texas Department of Transportation to manufacture a bridge over the Rio Grande. Tri-State anticipates the construction will take three years. The company’s accountants provide the following contract details relating to the project: Contract price $210 million Estimated construction costs $150 million Estimated total profit $ 60 million During the three-year construction period, Tri-State incurred costs as follows: 2010 $ 15 million 2011 $ 90 million 2012 $ 45 million Compute the revenue recognized, construction costs expensed, and income earned for each year using the percentage of completion method. Explain the potential risks associated with this accounting method and discuss why an analyst would be interested in researching it further?
Briefly distinguish between financial and managerial accounting as they relate to (1) the primary users, (2) the type and frequency of reports
How much overhead may be allocated each time a copy is made if cost allocations are computed to 4 significant digits?
What is the function of account analysis? How can we manage bank balances? How can we preauthorize the debit transactions? What are some other tools we can utilize to create a secure and efficient cash management system?
Determine the working capital for the current period? What has caused this ratio to change over the last few years?
Evaluate the 2012 cost of goods sold using the LIFO method and find what method would you recommend to owner to minimize income taxes in 2012, using inventory information for footballs as a guide?
Evaluate the proceeds Amazon received for the issuance of $3.0 billion notes in November 2012.
Chipco paid $15 million of foreign taxes on its foreign-source manufacturing profits and $2 million of foreign taxes on its foreign- source passive investment income. Assume that the U.S. tax rate is 35%. Calculate Chipco’s total foreign tax credit..
Elucidate how the choice of the type of responsibility center affects behaviour. You should support your discussion by using real world examples.
Evaluate the 95% confidence interval for the population proportion p of all Americans who drink beer, wine, or hard liquor, at least occasionally and interpret your result.
Operating data for Gallup Corporation are presented - Purpose a schedule showing a vertical analysis for 2009 and 2008.
During 2009, Farley wrote off $650,000 of accounts receivable. Credit sales for 2009 were $18,000,000. In its December 31, 2009 balance sheet, illustrate what amount should Farley report as allowance for uncollectible accounts? f common shares is..
Purpose adjusting entries necessary at the end of the year - Prepare any adjusting entries necessary at the end of the year.
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