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AVprozaik [17]
3 years ago
11

JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,200,000. JRE2 recognizes revenue upon contract c

ompletion. Cost incurredEstimated Cost to Complete 2020$250,000 $1,550,000 2021 1,600,000 500,000 2022 450,000 0 In 2021, JRE2 would report gross profit (loss) of:
Business
1 answer:
nordsb [41]3 years ago
6 0

Answer: $(150,000)

Explanation:

Under the Revenue upon Contract Completion method revenue for 2021 is calculated as follows.

The total cost for 2021 will be the cost incurred that year plus that of the previous year which would be,

= 250,000 + 1,600,000

= $1,850,000

We will then add the estimated cost left to find out the total ESTIMATED cost as at 2021,

= 1,850,000 + 500,000

= $2,350,000 is the total estimated cost.

Total Income therefore will be,

= Revenue - Total Estimated Cost

= 2,200,000 - 2,350,000

= -$150,000

JRE2 would report gross LOSS of $150,000 in 2021

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Yield management pricing is ______. Multiple choice question. setting a price a few cents or a few dollars below an even number
charle [14.2K]

Answer:

a complex approach that continually matches demand and supply to customize the price for a service.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

One of the importance associated with the pricing of products is that, it improves the image of a business firm.

Yield management pricing is a complex approach that continually matches demand and supply to customize the price for a service. It is commonly used by businesses that are typically involved in tourism, hospitality, and airline services.

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Ronnie's company uses large numbers of snow blowers. After several failed, Ronnie determined that the failures were due to defec
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Valley Spa purchased $10,200 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 14% promissory note for $10,200.
zavuch27 [327]

Answer:  Debit Accounts Receivable -Valley Spa  of $10,438 Credit interest revenue $238, Credit Notes receivable $10,200

Explanation:

Interest  Revenue =  Principal x Rate X time

$10,200 x 14% x 60/ 360 ( Using 360 days in a year)

$238

Journal to record dishonored note  for Tubman

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Accounts receivable                         $10, 438  

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Notes receivable                                                    $10,200

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Areas that once had vast economic growth and large amounts of industry, but are now suffering from the effects of outsourcing ar
Irina-Kira [14]

Answer:

de-industrialization

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Deindustrialization refers to the  phase of social and economic event caused by the elimination or decrease of industrial base or operation in a region or country, in particular of manufacturing industries or mining. It's the reverse of being industrialised.

It is the opposite of  industrialization. Deindustrialization usually happens as it is no longer profitable for a specific industrial activity. It's a phase in which industrial development is eliminated or decreased in a country or area due to a major social or economic transition.

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3 years ago
What is Baruch Shemtov's product, and how did he begin creating it?
N76 [4]

Answer:

Baruch Shemtov's product is tie

Explanation:

Baruch Yehudah Shemtov  was born on September 22, 1987.

Baruch has passionate about the design and the fashion from his young age, he was launched his first line of ties at just age 15 years.

he is a fashion entrepreneur since his junior class of high school

Today also Baruch ties routinely sellout in the tony department store and online

Baruch neckties and all accessories are made in USA

and In 2013, he launched boy ties collection and he coordinating with father-son neckties range at Bergdorf Goodman

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