Answer:
Explanation:
When making a decision, irrelevant items are included in the analysis in both alternatives when using: the total cost approach only.
Answer:
By using the percentage-of-completion method the $64 million revenue should Parmac recognize in 2018
Explanation:
Percentage-of-completion method : Under this method,
First we have to calculate the percentage which is based on current period cost to total period cost.
After that, multiply the percentage with the revenue so that we get to know how much revenue is being recognized during an particular year.
In mathematically,
Estimated Cost percentage = current period cost ÷ total period cost
= $48 million ÷ $120 million
= 40%
Now,
Revenue recognized = Estimated cost percentage × Revenue
= 40% × $160 million
= $64 million
Hence, by using the percentage-of-completion method the $64 million revenue should Parmac recognize in 2018
Answer:
The amount of Lantz's operating revenue is $734,000
Explanation:
The computation of the operating revenue is shown below:
= Total cash sales + Total credit sales
= $255,000 + $479,000
= $734,000
Since we have to compute the operating revenue, so we considered only revenue part not expenses part
The other information which is mentioned in the question is not being considered because it is related to the operating expenses. So, ignored it.
Answer: $3312.4
Explanation:
The exchange rate in the rate at which a currency is being converted for another currency in the foreign exchange market. From the question, we are told that Walblue imports a desk from a French manufacturer for sale in its chain of U.S. stores.and that the cost of a desk to Walblue is 3,700 euros (€).
The dollar cost of one of these desks if the exchange rate is currently 1.117 euros per U.S. dollar goes thus:
$1 = €1.117
Therefore, €3700 will be converted to dollars as:
= 3700/1.117
= $3312.4
The answer is $3312.4
