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anygoal [31]
3 years ago
11

Guillen, Inc. began work on a $7,000,000 contract in 2020 to construct an office building. Guillen uses the completed-contract m

ethod. At December 31, 2020, the balances in certain accounts were Construction in Process $1,715,000, Accounts Receivable $240,000, and Billings on Construction in Process $1,000,000.Indicate how these accounts would be reported in Guillen’s December 31, 2020, balance sheet.
Business
1 answer:
SOVA2 [1]3 years ago
5 0

Answer:

31 Dec balance sheet

Construction in process $1715000 Asset Non current Asset

Accounts receivable $240000 Asset Current asset

Billings on contract in process $1000000 Liability non current liability

Explanation:

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What is the expected dollar rate of return on dollar deposits with today's exchange rate at $1.10 per euro, next year's expected
allsm [11]

Answer:

B. 11%

Explanation:

Recall that

Dollar return on euros = Euro interest rate + [(current exchange rate per euro - initial exchange rate per euro) ÷ initial exchange rate per euro]

Given that

Euro interest rate = 0.05 or 5%

Initial exchange rate = 1.10

Current exchange rate = 1.165

Therefore

Dollar return on Euros = 0.05 + [(1.165 - 1.10) ÷ 1.10]

= 0.05 + [0.065 ÷ 1.10]

= 0.05 + 0.059

= 0.109

OR

= 10.9 %

= 11%

4 0
3 years ago
A project produces annual net income of $18,200, $21,800, and $22,900 over its three-year life, respectively. the initial cost i
rjkz [21]
Initial cost = $197,000
Total net accounting income over three years = $18,200+$21,800+$22,900 = $62,900

Average annual accounting net income = $62,900/3 = $20,966.67

Accounting rate of return = Average net annual income / Initial cost = 20,966.67/197,000 = 0.106 = 10.6%

Since Accounting net income is  lower than the required discount rate, the project is not viable.
3 0
3 years ago
In order for your savings and investments to truly increase in value, what must they do?​ select all that apply
Pie

Answer:

1,3,4

Explanation: Those are the one I would choose.

3 0
2 years ago
Statement on Standards for Tax Services No. 1 establishes as a basic principle of providing tax services that the CPA:a. Must ha
ipn [44]

Answer:

a. Must have a good faith belief that the tax return position will be accepted by the IRS.

Explanation:

Certified Public Accountant (CPA) is a term used to refer to the state title of approved accountants in the Uniform Certified Public Accountant Examination. The CPA allows these professionals to issue opinion statements in financial reports, following a few rules. For example, the Tax Services Standards Statement No. 1 states that a basic principle of the provision of tax services that the CPA has is to have a good faith belief that the tax return position will be accepted by the IRS.

3 0
3 years ago
kelsie blames steve for all her shortcomings at work even though he is the hardest working member on the team. in the context of
Dmitriy789 [7]

When someone like Kelsie blames Steve for all her shortcomings at work even though he is the hardest working member on the team, it is an example of political workplace deviance. Therefore, the option B holds true.

<h3>What is the significance of workplace deviance?</h3>

Workplace deviance can be referred to or considered as the tendency of an employee or a member of an organization to intentionally cause a sense of harm to the regular functioning of the organization.

A political deviance is a type of workplace deviance wherein an employee in higher authority starts blaming others for slightest of irregularities in the team.

Therefore, the option B holds true and states regarding the significance of workplace deviance.

Learn more about workplace deviance here:

brainly.com/question/28538100

#SPJ1

The missing options to the question are added below for better reference.

A. group deviance

B. political deviance

C. personal aggression deviance

D. property deviance

7 0
1 year ago
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