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Question:
Tallahassee Builders, Inc. signed a contract to prepare a certain project for $4,000. In 2010, $800 of cost was incurred and $400 was billed to the customer and collected. At the end of 2010, it was evaluated that it would take $2,400 to complete the project. In 2011, actual additional costs to complete the project amounted to $2,600. The remainder of the contract price was billed in 2011 and collected.
Prepare journal entries for 2010 using the Completed-contract method.
the company sold 200 more flash drives than planned. What is the expected effect on profit of selling the additional drives? Compute the contribution margin ratio associated with one flash drive.
Recount the Hewlett Packard Autonomy story to date and critically discuss the view that the occurrence of the Hewlett Packard Autonomy scandal was mainly as a result of a lack of accounting harmonisation between US GAAP and International Financial..
The after tax net loss reported by Maine on its year end 31st December, 2012 income statement
Columbus Clinic expects to receive $10,000 five years from now. If the clinic's cost of capital is 12% per year, what is the value of the $10,000 three years from now (to the nearest dollar)?
Determine the amount of interest Jonathan should capitalize as part of the cost of the building in 2008 and 2009. Evaluate the total cost of the building?
ending work in process 5,470 units that are 100% complete as to materials and 40% complete as to conversion costs. Calculate the equivalent units of production for (a) materials and (b) conversion costs for the month of November.
Journalize each of the transactions for September, set up T-accounts, and post each of the journal entries made in (1).
Calculation cost to make a product - Evaluate the lowest transfer price the Parts Division would accept for Product A?
Incremental revenue and incremental income (loss) associated with accepting the special order.
That US parent company ABC has a subsidiary XYZ in Outer Mongolia. XYZ's total assets are as follows in Mongolian marks and evaluate what is the total value of assets if the functional currency is the Outer Mongolian mark?
Established an enterprise called the STONE INTERIOR DECORATING COMPANY
What required annual yield must be earned before the investment makes economic sense and calculate payback and the net present value.
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