User Account

All Pages

What cady corporation will report

Assignment Help Accounting Basics
Reference no: EM132727652

Problem 1: As of December 31, 2018, Cady Corporation has one construction job for which the construction in progress account has a balance of $20,000 and the billings on construction contract account has a balance of $14,000. Cady has another construction job for which the construction in progress account has a balance of $3,000 and the billings on construction has a balance of $5,000. On the December 31, 2018 Balance Sheet, Cady Corporation will report:

a. Billings in excess of costs and profits, $6,000.

b. Billings in excess of costs and profits, $4,000.

c. Costs and profits in excess of billings, $4,000.

d. Costs and profits in excess of billings, $6,000.

Reference no: EM132727652

Questions Cloud

Bridging gap between allopathic and alternative medicines : PNI is one of the most intriguing fields bridging the gap between allopathic and alternative medicines. How does the PNI complex relate to the placebo effect?
How many performance obligations are in the contract : Sav Handler Company is an established manufacturer of equipment used in the construction industry. How many performance obligations are in this contract?
What the journal entry that Johnson will make on September : Johnson uses the periodic inventory system and the net method of accounting for purchases. What the journal entry that Johnson will make on September 12
Forecasts and working capital analyses : What sort of difficulty can be imagined for a manager of an organization would be in if the organization did not routinely prepare cash flow forecasts and worki
What cady corporation will report : Balance of $3,000 and the billings on construction has a balance of $5,000. On the December 31, 2018 Balance Sheet, Cady Corporation will report
Explain of importance of medical informatics : Define and explain of the importance of medical informatics. What impact does medical informatics have on the quality of care of patients?
What percentage completion figure would result in increasing : What percentage completion figure would result in increasing the reported operating income by $62,500 over the operating income that would be reported
Emergency and disaster management : A brief historical background of the American Academy of Pediatrics. The main purpose and the role of the organization.
Is the conventional loan the better option for derrick : Is the conventional loan the better option for Derrick?Are there any better options available to Derrick that he hasn't thought about yet? If so, what are they?

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