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Prksh answered the following question: In February 1, 2007, York Contractors agreed to construct a building at a contract price of $6,000,000.York estimated total construction costs would be $4,000,000 and the project would be finished...The answer to the first problem is totally wrong. First of all it as for the gross profit using the percentage of completion method, he stopped at creating a percentage. Secondly, on a completed contract, how is gross profit being shown in other years other than the last year?
Prepare a budget showing the quantity of switches to be purchased each month for January, February, and March and in total for the quarter.
Brammer Corp.'s projected capital budget is $1,000,000, its target capital structure is 60% debt and 40% equity, and its forecasted net income is $550,000. If the company follows a residual dividend policy, what total dividends, if any, will it pa..
Describe how these entries would be recorded in a computerized acconting system. Describe 1 ethical issue that could result from preperation of these manufacturing entries.
The authorized stock of a corporation: a. only reflects the initial capital needs of the company. b. is indicated in its by-laws. c. must be recorded in a formal accounting entry. d. is indicated in its charter.
Susan sweets is a 40 percent shareholder in acclaim inc. a theatrical supplies company. She transfers a fully depreciated car with a value of $2,000 to the corporation, dut does not receive any consideration for it.
At the begining of the year , Addison Company's assets are 259,000 and it's equity is 194,250. During the year ,assets increased 80,000 and liabilities increase 52,643. What is the equity at the end of the year?
Paris Company buys a building on a plot of land for $100,000, paying $20,000 cash and signing a 20-year mortgage note for $80,000 at 6%. Monthly payments are $570. The first monthly payment was made in January, 2013. After the first payment, what ..
Jim Bingham is considering starting a small catering business. He would need to purchase a delivery van and several equipment costing $125,000 to equip the business and another $60,000 for inventories
Simon is the majority shareholder and managing director of Slowgo Pty Ltd which operates a chain of discount stores.
How many Japanese Maples must Mountain Maples sell in a year to break even? At this sales volume, how many Butterfly and Moonfire trees are sold?
Before the correction was made, and before the books were closed on December 31, 2011, retained earnings was understated by?
Do you think this makes sense? How much of the internal control details should the managers know given that they will have to sign documentation attesting to the efficiency of internal controls?
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