Business, 21.06.2020 05:57 jasminetaylor4587
Halsey Building Company signed a contract to build an office building for $60,000,000. The scheduled construction costs follow. Year Cost 2016 $12,000,000 2017 18,000,000 2018 10,000,000 Total $40,000,000 The building is completed in 2018. For each year, compute the revenue, expense, and gross profit reported for this construction project using each of the following assumptions: a. Halsey’s performance obligation to build the office building is fulfilled as construction proceeds, and the cost incurred is an accurate reflection of the value transferred to the customer. 2016 2017 2018 Revenue Answer Answer Answer Expense Answer Answer Answer Gross Profit Answer Answer Answer b. Halsey’s contract does not transfer ownership rights to the customer until the building is completed. 2016 2017 2018 Revenue Answer Answer Answer Expense Answer Answer Answer Gross Profit Answer Answer Answer
Answers: 1
Business, 22.06.2019 05:00
Xie company identified the following activities, costs, and activity drivers for 2017. the company manufactures two types of go-karts: deluxe and basic. activity expected costs expected activity handling materials $ 625,000 100,000 parts inspecting product 900,000 1,500 batches processing purchase orders 105,000 700 orders paying suppliers 175,000 500 invoices insuring the factory 300,000 40,000 square feet designing packaging 75,000 2 models required: 1. compute a single plantwide overhead rate, assuming that the company assigns overhead based on 125,000 budgeted direct labor hours. 2. in january 2017, the deluxe model required 2,500 direct labor hours and the basic model required 6,000 direct labor hours. assign overhead costs to each model using the single plantwide overhead rate.
Answers: 3
Business, 22.06.2019 17:40
Because the demand for wheat tends to be inelastic. true or false
Answers: 1
Business, 22.06.2019 22:00
Most economists report the elasticity of demand asa. the absolute value of the actual number.b. a negative number, since price and quantity demanded move in opposite directions.c. a percentage, since both the numerator and denominator are percentages.d. a dollar amount, since we are measuring the change in price.
Answers: 2
Business, 22.06.2019 23:00
Which completes the equation? o + a + consideration (+ = k legal capacity legal capability legal injunction legal corporation
Answers: 1
Halsey Building Company signed a contract to build an office building for $60,000,000. The scheduled...
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