A construction company entered into a fixed-price contract to build an office building for $20 million. Construction costs incurred during the first year were $6 million and estimated costs to complete at the end of the year were $9 million. The company recognizes revenue over time according to percentage of completion. How much revenue and gross profit or loss will appear in the company’s income statement in the first year of the contract? (Enter your answer in whole dollars.)

The double-declining balance method is an effective way to depreciate assets in the early years of their useful life and reduce the balance of the asset more quickly than the straight-line method. This helps companies to account for the asset's cost more accurately over time and to recognize its diminishing value as it ages.

Double-declining balance method is a method of depreciation that is an accelerated method.

The depreciation rate is twice as much as the straight-line method's depreciation rate.

This method begins with an asset's value at the beginning of its use and then decreases at a constant rate throughout its useful life until it reaches the asset's salvage value.

This depreciation method is most commonly used for assets that depreciate quickly at the beginning of their useful life and then slowly depreciate over time until they are scrapped or sold.

Assets such as computers, vehicles, and machinery are common examples of assets that use this method of depreciation.

Double-declining balance method can be calculated using the following formula:Annual depreciation = (2 / useful life in years) * book value at the beginning of the yearOrDepreciation rate = 2 / useful life in years.

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Matching the age group with their typical reaction to grief.

1. Examine their own life: Adults

2. Confusion : Toddlers

3. Fear loss of independence : Older adults

4. Fascination of fear :Adolescents

1. Examine their own life: At this age group adult tend to examine or check their live so as to know how good or bad they are doing.

2. Confusion stage is the stage  where toddlers are confuse about their own identity.

3. Fear loss of independence is stage where Older adults are afraid of been independence.

4. Fascination of fear  is stage where Adolescents are afraid or scared that something will happen to them.

Therefore matching the age group with their typical reaction to grief is:  Examine their own life: Adults, Confusion : Toddlers.

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The journal entry to record the sale of the bonds would be:

Debit Cash $321,300

Credit Bonds Payable $315,000

Credit Premium on Bonds Payable $6,300

The selling of the bonds generated $321,300 in cash for the corporation [$315,000 x 102%]. The $315,000 face amount of the bonds is credited to the Bonds Payable account.

The Premium on Bonds Payable account is credited with the $6,300 difference between the face value and the total cash received since the bonds were sold at a premium.

So, the entry is:

Debit Cash $321,300

[$315,000 x 102%]

Credit Bonds Payable $315,000

Credit Premium on Bonds Payable $6,300

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Answer:  produce most available goods and services

Explanation:

1. Paid Office Station Co. for part of the debt incurred on April 5, $1,200.

Debit: Accounts Payable - Office Station Co.$1,200

Credit: Cash $1,200

2. Provided services on account, $4,200.

Debit: Accounts Receivable $4,200

Credit: Service Revenue  $4,200

To pay off the remaining balance owing to Office Station Co., a debit is sent to the accounts payable account. To account for the cash outflow, the Cash account is credited. This journal entry records the settlement of a portion of the debt incurred on April 5 with Office Station Co.

The acknowledgment of revenue for services rendered to a client on the account is represented by this journal entry. To reflect the increase in the amount due by the client, the Accounts Receivable account is debited.

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The complete question is probably

Write journal entries

12. Paid Office Station Co. for part of the debt incurred on April 5, $1,200. 12. Provided services on account, $4,200.​

Answer:

Option B, $2,335,000 is correct answer.

Explanation:

The value of finished goods on 1st January = $765000

The value of finished goods on 31 December = $540000

The value of the cost of goods sold for the year = $2560000

Now we have to calculate the cost of goods that are manufactured. Below is the calculation for cost of goods manufactured.

Costs of goods manufactured = $540,000 + $2,560,000 -$765,000 = $2,335,000

So, option b, $2,335,000 is correct.

The optimal policy will be to book a round-trip ticket.

Based on the information given, there is a 30% chance that my best friend will be able to provide you with a free one-way ticket as a present. This will be represented on the decision tree as 0.3.

Therefore, the probability that I will not get a free ticket will be 0.7 which is calculated as 0.3 subtracted from 1.

The cost of booking the return ticket on August 1st will be:

= 350 + 370

= 720

In conclusion, the minimum expected travel is $576. The optimal strategy will be to book the round ticket now. An attachment has been attached for further understanding.

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Given:

The demand and supply functions are:

\(Q_d=500-3P\)

\(Q_s=100+5P\)

To find:

i. The equilibrium price and the equilibrium quantity.

ii. The consumer surplus .

iii. The producer surplus.

Explanation:

(i) At equilibrium, the demand and supply are equal. So, equating both functions, we get

\(500-3P=100+5P\)

\(500-100=3P+5P\)

\(400=8P\)

Divide both sides by 8, we get

\(\dfrac{400}{8}=P\)

\(50=P\)

Putting \(P=50\) in the demand function, we get

\(Q_d=500-3(50)\)

\(Q_d=500-150\)

\(Q_d=350\)

Therefore, the equilibrium price is 50 and the equilibrium quantity is 350.

(ii)

The area under the demand curve and above the equilibrium price is known as consumer surplus. It is represent by the green area in the below figure.

The area of a triangle is:

\(A=\dfrac{1}{2}\times base \times height\)

So, the area of consumer surplus is:

\(A=\dfrac{1}{2}\times 50 \times (500-350)\)

\(A=25 \times 150\)

\(A=3750\)

Therefore, the consumer surplus is 3750.

(iii)

The area above the supply curve and below the equilibrium price is known as producer surplus. It is represent by the purple area in the below figure.

So, the area of producer surplus is:

\(A=\dfrac{1}{2}\times 50 \times (350-100)\)

\(A=25 \times 250\)

\(A=6250\)

Therefore, the producer surplus is 6250.

Answer:

borrowers who don't pay back loans (also known as loan defaults) is a particularly significant risk for banks.

Explanation:

All of the options listed are potential risks that banks should prepare for. However, borrowers who don't pay back loans (also known as loan defaults) is a particularly significant risk for banks. When borrowers default on their loans, it can result in significant financial losses for the bank, and therefore it's important for banks to have measures in place to mitigate this risk, such as thorough credit checks and loan underwriting processes. On the other hand, falling interest rates can impact the bank's profitability, and the shift towards online transactions can pose security and operational challenges, so these are also important risks for banks to consider and prepare for.

To reduce the cost of air travel for consumers is the primary goal of the regulations announced in this press release.

A consumer is a person or a group that is not directly involved in entrepreneurial or business operations and who intends to order or uses purchased items, products, or services primarily for personal, social, family, or household needs.

The phrase is most frequently used to describe someone who makes purchases for their own use. A consumer in an economy purchases goods or services primarily for personal use rather than for resale or for commercial objectives.

The price that consumers pay for the goods or services is followed by consumption. As a result, consumers are an essential component of any economy and play a crucial role in the economic system of a capitalist society. The consumer is also at one end of the supply chain.

When it comes to consumer protection regulations, the legal definition of the term "consumer" is typically limited to live individuals and excludes commercial users.

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Answer:

Explanation: For the better part of a decade, strategy has been a business buzzword. Top executives ponder strategic objectives and missions. Managers down the line rough out product/market strategies. Functional chiefs lay out “strategies” for everything from R&D to raw-materials sourcing and distributor relations. Mere planning has lost its glamor; the planners have all turned into strategists.

10-K financial report includes which of the following financial statements: Balance Sheet, Income Statement (also known as Profit and Loss or P&L statement), Cash Flow Statement, Footnotes to the financial statements.

The balance sheet, sometimes referred to as the statement of financial position, gives an overview of the assets, liabilities, and equity of a corporation at a certain point in time.

The income statement, commonly referred to as the profit and loss statement, details the revenues and expenses incurred by a business during a specific time period and displays the business's net income or loss.

The cash flow statement gives details on a company's cash inflows and outflows and gives a general picture of how a company generates and uses cash over a given time period.

The part called Footnotes to the Financial Statements contains extra information on the Financial Statements that the reader might find useful.

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FFC is a Pakistan-based fertilizer company that was founded in 1978. FFC is Pakistan's largest producer of urea and diammonium phosphate (DAP).

FFC's first objective is to meet the demands of Pakistani farmers for high-quality fertilizers and other agrochemicals. The company aims to achieve this by constantly updating and improving its fertilizer formulas to meet the changing needs of farmers.FFC is committed to meeting the demands of Pakistani farmers by providing high-quality fertilizers and other agrochemicals.

The company has a state-of-the-art research and development facility where it is constantly working to improve its fertilizer formulas to meet the changing needs of farmers.FFC recognizes that farmers need to produce high-quality crops in order to remain competitive in the global marketplace. The company is committed to working with farmers to help them achieve this goal by providing them with the best possible fertilizers and other agrochemicals.

FFC also recognizes that farmers need access to training and education in order to maximize the potential of their crops. The company works closely with local universities and agricultural institutions to provide farmers with the knowledge and skills they need to succeed.

Overall, FFC's first objective is to help Pakistani farmers achieve their full potential by providing them with high-quality fertilizers and other agrochemicals, as well as the training and education they need to succeed. The company is committed to constantly improving its products and services to meet the changing needs of farmers, and to working closely with farmers to help them achieve their goals.

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Answer:

see below

Explanation:

Opportunity cost is the sacrificed benefit by choosing a preferred option over others. The value of opportunity cost is the foregone benefit from the best alternative.

In this situation, the person had to choose between buying gas for the car or using that money to purchase food. Since the person opted to buy gas, they sacrificed having a meal for the rest of the day.  The pleasure derived from eating is the opportunity cost for this person.  

The items that would appear on the statement of stockholders' equity are dividends, net income and beginning balance of retained earnings

What is statement of stockholders' equity?

The statement of stockholders' equity is one of the final accounts or financial statements of the company which shows the transactions between the company and its stockholders for the current period as well as the balances of prior periods.

The statement of stockholders' equity would contain dividends, which are paid to shareholders as the returns on their investment for the current period, net income, which is the profits of the business after paying taxes to relevant tax authority and the opening of retained earnings.

Note that property, plant and equipment would be shown on the balance sheet and the cash received in cash flow statement

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At the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, which means that the city did not recognize this amount as revenue in the 2011 financial statements. Instead, it carried it forward as a liability on the beginning balance sheet for 2012.

In 2012, the Br. 40,000 deferred property taxes are recognized as revenue, reflecting an increase in the city's financial resources. This recognition follows the accrual accounting principle, where revenue is recognized when it is earned, regardless of when the cash is received. By recognizing the deferred property taxes as revenue in 2012, the city accurately reflects its financial position and performance for that year.

The recognition of the deferred property taxes as revenue in 2012 will impact the city's income statement, increasing its revenue figure, and potentially affecting its net income or surplus. It also signifies the city's ability to generate resources from property taxes, which can contribute to funding public services and projects within the XYZ city.

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The unending flow of goods and services, income, as well as expenditure in an economy is referred to as the circular flow. It depicts the circular redistribution of income between the production unit and households. Land, labour, capital, as well as entrepreneurship are examples of these.

The circular flow of diagram's outer loop depicts the flow of factor services from households to firms, as well as the corresponding flow of payments for factors from firms to households.

The inner loop depicts the flow of goods and services from firms to households, as well as the flow of consumer spending from households to firms. The entire amount of money paid by firms as factor payments is returned to the firms by the factor owners.

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Answer:

\(K_T = -3\)

Explanation:

Given

\(MPC_1 = 0.65\)

\(MPC_2 = 0.75\)

Required

Determine the Tax Multiplier (KT)

KT is calculated as follows;

\(K_T = \frac{-MPC}{1 - MPC}\)

Substitute 0.75 for MPC because MPC has changed from 0.65 to 0.75

\(K_T = -\frac{0.75}{1 - 0.75}\)

Evaluate the denominator

\(K_T = -\frac{0.75}{0.25}\)

Divide fractions

\(K_T = -3\)

Hence, the tax multiplier is -3

Taylorism underlines the conventional construction, order of the executives, the specialized prerequisites and the supposition of judicial way  of behaving is a genuine assertion.

judicial way , Arrangement of logical administration upheld by Fred W. Taylor. In Taylorism view, the assignment of processing plant the executives was to decide the most effective way for the laborer to finish the work, to give the appropriate apparatuses and preparing, and to give motivations to great execution.

He separated each occupation into its singular movements, examined these to figure out which were fundamental, and planned the specialists with a stopwatch.

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Answer:

alex do u realize ur question is litterally against the law

Explanation:

quit being a  j erk, and lets talk this out

Answer:

C. Corporation- partnership - Sole Proprietorship

Explanation:

Corporation- partnership—Sole Proprietorship is the diagram arranges the types of business organizations from the most complicated to start to the least complicated to start. Hence, option C is correct.

Partnership is the deal between the two person or party to start the business, partnership can be legally registered or can also start without the partnership agreement.

In partnership the investment is invested by both the partners that and the profit and loss is divided into equally.

Thus, option C is correct.

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The phase that best explains the diagram is that it best provides cash management services​. Thus option D is correct.

The management service is a practice of outsourcing responsibilities for maintenance and the needs for the arrangement and processes and functions it involves the reduction in budgetary expenditure. The diagram shows us the business and retail bank that accepts deposits and makes home mortgages.

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Answer: D

Explanation: I just took the test

Answer:

$4,500

Explanation:

Calculation to determine the balance of the loan on June 30 will be:

First step is to calculate the Cash balance before loan payoff using this formula

Cash balance before loan payoff = Beginning cash balance + cash receipts - cash disbursements

Let plug in the formula

Cash balance before loan payoff= $15,000 + $50,000 - $34,500

Cash balance before loan payoff = $30,500.

Second step is to calculate the Projected excess cash using this formula

Projected excess cash = Available cash balance - Minimum cash balance requirement

Let plug in the formula

Projected excess cash= $30,500 - $20,000

Projected excess cash= $10,500

Now let calculate the balance of the loan on June 30 using this formula

Loan balance = Existing balance - Loan pay-off amount

Let plug in the formula

Loan balance= $15,000 - $10,500

Loan balance = $4,500

Therefore the balance of the loan on June 30 will be:$4,500

For Task 1, I have chosen the career of a financial analyst in the financial services industry. To prepare for this career, a Bachelor's degree in Finance, Accounting, Economics, or a related field is required.

For Task 2, becoming a Certified Financial Analyst (CFA) is highly valued in this career. The CFA program consists of three levels of exams that cover topics such as economics, financial reporting and analysis, ethics, and investment tools.

For Task 3, both information technology and interpersonal skills are important in this career. Financial analysts must have strong analytical skills and be proficient in using financial modeling software and spreadsheet applications.

Task 1-  Many employers also prefer candidates with a Master's degree in one of these fields. Additionally, courses in statistics, mathematics, and computer science can be beneficial in this career.  Task 2- To prepare for this certification, one should enroll in a CFA program review course, study the material thoroughly, and take practice exams to prepare for the rigorous testing process.

Task 3- They also need to have excellent communication and interpersonal skills to be able to work effectively with clients and team members. Additionally, they must be able to present complex financial information in a clear and understandable manner. Developing and honing these skills can be achieved through a combination of on-the-job experience, training, and continuing education courses.

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Using FIFO, the cost assigned to ending inventory is $8,296, and the cost assigned to the cost of goods sold is $20,774.

FIFO simply means First-in, First-Out.  

FIFO is a cost flow assumption that assigns cost to the cost of goods sold based on the understanding that the first goods brought into the store are the first to be sold.

Note that under the perpetual inventory system, the cost of goods sold is determined at each sales transaction.

           Activities            Units Acquired at Cost   Units Sold at Retail

Jan. 1   Beg. inventory   285 at $13.40     $3,819

Jan. 10 Sales                                                          250 units $43.40 $10,850

Mar. 14 Purchase           470 units $18.40 8,648

Mar. 15 Sales                                                          400 units $43.40   17,360

July 30 Purchase         485 units $23.40 11,349

Oct. 5   Sales                                                         460 units $43.40   19,964

Oct. 26 Purchase         185 units $28.40 5,254

Totals                         1,425 units         $29,070  1,110 units              $48,174

Ending inventory          315 (1,425 - 1,110)

Ending inventory = $8,296 (185 x $28.40 + 130 x $23.40)

Cost of goods sold = Cost of Goods Available for Sale - Cost of Ending Inventory)

= $20,774 ($29,070 - $8,296)

$3,350:    250 units $13.40

$7,185:     400 units ($13.40 x 35) + ($18.40 x 365)

$10,239:  460 units ($18.40 x 105) + ($23.40 x 355)

$20,774  1,110 units

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           Activities            Units Acquired at Cost   Units Sold at Retail

Jan. 1   Beg. inventory   285 at $13.40     $3,819

Jan. 10 Sales                                                               250 units $43.40

Mar. 14 Purchase           470 units $18.40 8,648

Mar. 15 Sales                                                              400 units $43.40

July 30 Purchase         485 units $23.40 11,349

Oct. 5   Sales                                                             460 units $43.40

Oct. 26 Purchase         185 units $28.40 5,254

Totals                         1,425 units         $29,070     1,110 units

Required Hemming uses a perpetual inventory system. 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.

Answer:

The first step of knowing how much you can claim is by working out your daily rate of remuneration. If you are earning monthly, multiply your monthly salary by twelve and divide by 365. As an employee, you are entitled to benefits which amount to one day's benefit for every six days of employment.

Explanation:

Unemployment Insurance Fund (UIF) is calculated based on the amount an individual earns and he get 1% of the amount donated plus another 1% from his employer.

The Unemployment Insurance Fund (UIF) provides short-term support to an employee when they become jobless or during sickness or during childbirth.

As an employee, you are expected to contribute 1% of your total earnings, so that if peradventure you are out of your job, you get an insurance fund from UIF.

Let's assume, you earn $10000 from your job and you're going through the childbirth stage which keeps you away from work.

You will receive 1% of $10000 = $100 plus another 1% from your employer, making a total of $200.

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Answer:

c

Explanation:

its c

Sales prospects focus on atmospherics.

Hence option C is correct.

As Sales prospects is one that we can reach easily and can communicate them for our products.

Sales prospects generally means finding potential buyers and reaching them for the product or service. Sales Prospects is very necessary for the company's growth.  

Atmospherics is a characteristics to identify the retail brand and set it apart from competitors. It is a key element which influence shoppers behavior.

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