User Account

All Pages

How much revenue should Johnson Inc recognize

Assignment Help Accounting Basics
Reference no: EM132482964

Question - Johnson Inc was contracted to build a new medical center for the University of Knowledge for a price of $100,000,000. During 2018, the first year of the project, Johnson Inc. spent $27,000,000 and at the end of 2018 they expected to incur another $63,000,000 in future years to finish the medical center.

Question 1 - How much revenue should Johnson Inc recognize at the end of 2018 related to this project?

Question 2 - How much costs should Johnson Inc recognize at the end of 2018 related to this project?

Reference no: EM132482964

Questions Cloud

Prepare a formal research proposal investigating : Demonstrate a critical appreciation of the major steps involved in conducting research and Demonstrate a critical appreciation of ethical issues in research
Determining the proceeds from bond issues : Determine the proceeds that the company will receive if it sells the following: (Click here to access the tables to use with this exercise)
Create journal entries and t-accounts : Prepare journal entries and T-accounts for each of the four transactions above. Malakai Company had the following unadjusted account balances at the end of 2018
Create the journal entries for oakwood to record the debt : Prepare the journal entries for Oakwood to record the debt restructuring agreement and all subsequent interest payments assuming the independent alternative.
How much revenue should Johnson Inc recognize : During 2018, the first year of the project, Johnson Inc. spent $27,000,000. How much revenue should Johnson Inc recognize at the end
Determine the current portion of the note payable : Develop a payment schedule for the life of the note. Determine the current portion of the note payable and the long-term portion of the note payable at October
What is the benefit of hedging with futures contract : What is the benefit of hedging with futures contract if the GBP spot rate in a year from now is 1.3?
How much did MMC expect to spend : The Construction in Progress account has a debit balance of $27,500,000. How much did MMC expect to spend to finish the football stadium at the end of 2017
Advice on what specifically should be done in situation : Mrs. Moller wants your advice on what specifically should be done in this situation and why? No calculations and no ITA references are needed

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