Business, 08.02.2021 19:20 jolleyrancher78
Black Bear Construction Company has a contract to construct a $6,000,000 bridge at an estimated cost of $5,300,000. The contract is to start in July 2017, and the bridge is to be completed in October 2019. The following data pertain to the construction period.
2015 2016 2017
Costs to date $1,325,000 $3,780,000 $5,430,000
Estimated costs to complete 3,975,0001, 620,000 โ
Progress billings during the year 1,200,000 3,200,000 1,600,000
Cash collected during the year 1,000,000 2,340,000 2,660,000
What amount of gross profit should Black Bear recognize in 2017 using the percentage-of-completion method?
a. $150,000
b. $169,000
c. $210,000
d. $530,000
Answers: 2
Business, 21.06.2019 19:50
One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.
Answers: 1
Business, 23.06.2019 12:00
Rich is researching for an economics paper on the history of exchange rates between the us and great britain. the best choice for rich to use is
Answers: 3
Business, 23.06.2019 14:20
Why does the fed pay interest to banks? a. it is interest on money held in reserve. b. it is interest on credit available to the fed. c. it is interest on loans taken by the fed. d. it is interest on government investments.
Answers: 2
Business, 23.06.2019 14:50
If massachusetts has a sales tax of 6 percent and new hampshire has no sales tax, how much money can be saved by buying a $1,000 television in new hampshire? $6 $16 $60 $600
Answers: 1
Black Bear Construction Company has a contract to construct a $6,000,000 bridge at an estimated cost...
Medicine, 13.09.2019 16:10
Biology, 13.09.2019 16:20
History, 13.09.2019 16:20
History, 13.09.2019 16:20
Health, 13.09.2019 16:20
English, 13.09.2019 16:20
Biology, 13.09.2019 16:20
Mathematics, 13.09.2019 16:20
Mathematics, 13.09.2019 16:20
Physics, 13.09.2019 16:20