Linx Corp. recognizes revenue over time to account for long-term construction contracts. The contract price is $1,000,000 and the estimated costs to complete the project are $500,000 on the date the contract was signed. Linx subsequently has the following information: Year 1 Year 2 Year 3 Costs incurred to date $200,000 $315,000 $800,000 Estimated costs to complete 300,000 385,000 0 Progress billings 250,000 250,000 500,000 Linx recognized $200,000 of gross profit during year 1. What is the gross profit or loss recognized in year 2
Answers: 3
Business, 21.06.2019 20:20
The management at a pesticide manufacturing company has observed a decline in quality measures. the managers ask robin, the firm's hr manager, to investigate whether training might solve the problem. robin conducts needs assessment and recommends a training plan. which of the following conditions would most likely have been an observation during robin's person analysis?
Answers: 2
Business, 22.06.2019 09:00
Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.
Answers: 1
Business, 23.06.2019 02:30
Suppose a starbucks tall latte cost $4.00 in the united states, 5.00 euros in the euro area and $2.50 australian dollars in australia. nominal exchange rates are .80 euros per dollar and 1.4 australian dollars per u.s. dollar. where does purchasing power parity hold? a. both the euro area and australia. b. neither the euro area or australia. c. the euro area but not australia. d. australia but not the euro area.
Answers: 1
Linx Corp. recognizes revenue over time to account for long-term construction contracts. The contrac...
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