The percentage-of-completion method of revenue

Reference no: EM13320428

Blue Suede Construction Corp used the percentage-of-completion method of revenue recognition. They were contracted to build the new amphitheater for $4500000. Additional information was provided: As of Dec 31. 2012 2013 Percentage of completion 35% 60% Estimated total expected costs $3,750,000 $3,900,000 Gross profit recognized $225,000 $300,000 Contracted costs incurred during 2013 were $975,000 $2,340,000 $825,000 $1,027,500

Reference no: EM13320428

Questions Cloud

Explain asian communication using facial expressions : Management Focus :Explain Asian communication using facial expressions and comment on the Western management misconceptions and deceptions by relying on such facial expressions. Comparative Management :Identify three possible pitfalls in dealing with..

Explain automates several operations : Jetson Co. sold 20,000 units of its only product and incurred a $50,000 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2012 activities, the production manager notes that variable costs can be reduced 5..

Smoothing constant provides the better forecast : Compute three- and four- quarter moving averages for this time series. Which moving average provides the better forecast for the fourth quarter of 2006? Use smoothing constants of a=.4 and a=.5 to develop forecasts for the fourth quarter of 2006. Whi..

A girl developed generalized seizures : 1.A girl developed generalized seizures. A CT scan revealed a single brain lesion consistent with a tumor. Biopsy of the lesion showed a cysticercus. The patient lived in South Carolina and had never traveled outside the state. What parasite ca..

The percentage-of-completion method of revenue : Blue Suede Construction Corp used the percentage-of-completion method of revenue recognition. They were contracted to build the new amphitheater for $4500000.

The united states to become in involved militarily : The United States to become in involved militarily?

Popular music culture have become : The fact that MTV, the cable channel devoted primarily to music, provided extensive coverage of the 1992 presidential race demonstrates how ------- politics and popular music culture have become.

Discuss barriers to e-health delivery to specific stakholder : Discuss barriers to e-Health delivery to three specific stakeholders in the delivery paradigm. Mention what could be done to overcome those barriers. Support your ideas.

The sun in directly overhead at the equator : At the equinoxes, the sun in directly overhead at the equator (0 degrees latitude) at noon (the sun is 90 degrees above the horizon). Your current location is located near the 42 degrees North Latitude. How high (angle) is the noon sun above the sout..

User Account

All Pages