User Account

All Pages

How much revenue and income will the company report

Assignment Help Financial Management
Reference no: EM132404699

Question

At the beginning of 2009, Florida Road Construction entered into a contract to build a road for the government. Construction will take four years. The following information as of 31 December

2009 is available for the contract:

Total Revenue according to the contract  $10,000,000

Total expected cost  $8,000,000

Cost incurred during 2009   $1,200,000

Question is: under the percentage completion method, how much revenue and income will the company report for the year 2006?

Reference no: EM132404699

Questions Cloud

What will be the total number of consumers : What will be the total number of consumers who will sign up the network?
What is the book value of the machine at the end : Residual value at the end of five years is estimated to be $87,000. What is the book value of the machine at the end of 2017 if the company uses.
Common in emerging market economies : Why are sovereign debt crises more common in emerging market economies? But how could a developed country
What are ways to improve our growth prospects : Does the U.S. economic system does a good job of promoting economic growth by encouraging investment in education, capital accumulation, and technological
How much revenue and income will the company report : At the beginning of 2009, Florida Road Construction entered into a contract to build a road for the government. Construction will take four years.
Assign tradable pollution permits that allow 500 gallons : Another way of cutting goo emissions in half is to assign tradable pollution permits that allow 500 gallons of goo to be dumped into the lake every day
What was the amount of dividends declared during the year : The Retained Earnings balance was $23,000 on January 1. Net income for the year was $18,250. If Retained Earnings had a credit balance of $24,000.
Estimate the resale value of the used laptop : You paid for the used laptop with a credit card on which you revolve the balance with an interest rate of 10%. You estimate the resale value of the used laptop
Can you replace striking employees by inverse seniority : Can you replace striking employees by inverse seniority? Does it violate Section 8(a)(1) of the NLRA or is it allowable under the Mackay doctrine?

Reviews

Write a Review

Financial Management Questions & Answers

  Method used in valuing common stock

Which of the following is not a method used in valuing common stock? If the risk-free rate is 4%, the market risk premium is 6%, what is the required rate of return on a stock with a beta of 1.5?

  What bid price should you set for the contract

Your company has been approached to bid on a contract to sell 3,600 voice recognition (VR) computer keyboards a year for four years. Due to technological improvements, beyond that time they will be outdated and no sales will be possible. The tax rate..

  Calculator method to compute the exact yield to maturity

The Pioneer Petroleum Corporation has a bond outstanding with an $70 annual interest payment, a market price of $860, and a maturity date in four years. Assume the par value of the bond is $1,000. compute the approximate yield to maturity and use the..

  Share in free cash flows to equity

A company currently has $2.40 per share in free cash flows to equity (FCFE). The FCFE are anticipated to grow at 6% per year. If the investor’s required return is 14%, what is the anticipated value of the firm at the end of 3 years?

  Bond on company books with original term

There is a bond on a company's books with an original term of 10 years that was purchased for a premium at its issuance,

  What will monthly payments be during year 1

Assuming that a fully amortizing loan is made, what will monthly payments be during year 1?- Based on (a) what will the loan balance be at the end of year (EOY) 1?

  Compute the expected one-year interest rates

Compute the expected one-year interest rates in (a.)the second year and (b.) the third year.

  Calculate the expected return for each stock

Calculate the expected return for each stock. Calculate the expected return of a portfolio consisting of 50% of each stock.

  What would be major effect in market for federal funds

What would be the major effect in the market for federal funds?

  What is the after-tax rate of return on the highest yielding

Proctor Company preferred stock has a dividend yield of 9 percent. Municipal bonds issued by the City of Seattle yield 9 percent.

  Why an investor may buy into the bond market

Speculate as to why an investor may buy into the bond market when prices are dropping. Provide support for your rationale.

  Performing against the industry and sector ratios

What does it mean if a company has a P/E ratio of 29.98 while the industry and sector ratios are 56.22 and 27.66? How are they performing against the industry and sector ratios? Why are they performing as such?

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