g Laila Inc. contracted this year to build a bridge for the town of Landisville for $5,000,000. Data relating to the contract are summarized below: Costs incurred during the current year $1,500,000 Estimated cost to complete the contract as of 12/31 $2,500,000 Billings during the year $1,000,000 Collections during the year $ 800,000 How much should Laila Inc. recognize as gross profit this year assuming that Laila is using the Percentage of Completion method

Which of the following is an example of search costs? a.) driving to a faraway place to find available goods b.) buying goods in some special way that is outside the normal channels c.) paying a premium cost for goods d.) selling extra goods for a discount price

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease

The de mesa family will soon be occupying their newly renovated house. however, the bathroom measuring 10ft. by 16 ft. still needs to be covered by tiles. if the tile that they desire measures 2/5 ft by 2/5 ft., how many tiles will they need to cover the bathroom floor?