Reference no: EM131119735
Long-Term Contract with Interim Loss On March 1, 2010, Pechstein Construction Company contracted to construct a factory building for Fabrik Manufacturing Inc. for a total contract price of $8,400,000. The building was completed by October 31, 2012. The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Fabrik for 2010, 2011, and 2012 are given below.
(a) Using the percentage-of-completion method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2010, 2011, and 2012. (Ignore income taxes.)
(b) Using the completed-contract method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2010, 2011, and 2012. (Ignore incomes taxes.)
Compute the total asset turnover the net profit margin
: Compute the total asset turnover, the net profit margin, the equity multiplier, and the return on equity for each firm. Evaluate each firm's performance by comparing the firms with one another. Which firm or firms appear to be having problems?
|
Identify major human activities that impact the environment
: Discuss the drivers in the environment and the economy that provide a driver for the sustainable. In your answer include a discussion as to how Population, Affluence and Technology impact the biosphere. Identify the major human activities that impact..
|
Mon valley case study responses
: Read "How the Strategic Prinicples of Consensus Organizing Were Applied in the Mon Valley" in Ch.3 ofConsensus Organizing. The following questions come from "Questions About the Mon Valley Case Study" in Ch.3 of Consensus Organizing.
|
What is the physician duty to inform the parents
: Melinda is a married 35-year-old pregnant childless woman who has lost four previous pregnancies between 16 and 23 weeks gestation. What is the physician's duty to inform the parents
|
Using the percentage of completion method
: Using the completed-contract method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2010, 2011, and 2012. (Ignore incomes taxes.)
|
Home-rehab day might result in genuine team development
: What evidence was presented in this case that the staff members from different units at Tymco might have become better acquainted with each other? What should Maria Cortez do next to improve the chances that the home-rehab day might result in genuine..
|
Calculate the company’s net profit margin
: Williams Oil Company had a return on stockholders’ equity of 18 percent during 2010. Its total asset turnover was 1.0 times, and its equity multiplier was 2.0 times. Calculate the company’s net profit margin.
|
Are the surgeon concerns about informed consent valid
: A 28-year-old man presents to the emergency room with testicular torsion, in extreme pain. Emergency surgery is scheduled, but the urologist will be unable to see the patient for at least one hour. Are the surgeon's concerns about informed consent ..
|
What are its average accounts receivable balances
: Clovis Industries had sales in 2006 of $40 million, 20 percent of which were cash. If Clovis normally carries 45 days of credit sales in accounts receivable, what are its average accounts receivable balances?
|