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AVprozaik [17]
4 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]4 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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vredina [299]

Answer:

Generally, however, you should expect a slight markup on at least some of the items you buy via Instacart. That makes it extra important to save money where you can. Ways to save on Instacart online grocery orders. When using Instacart, you can expect to pay a bit extra for the convenience. However, there are still ways to save.

Explanation:

5 0
3 years ago
Read 2 more answers
Suppose sweden produces only tablets and smartphones. The resources that are used in the production of these two goods are not s
slega [8]

Answer: Straight line PPF, Opportunity cost is constant.

Explanation:

The PPF for Sweden is downward sloping straight line which depicts that the resources that are used in the production of these two goods are not specialized and the same set of resources is equally useful in producing both smartphones and tablets. Thus, Sweden's opportunity cost of producing more smartphones and fewer tablets should remain constant.

6 0
3 years ago
Swiss Miss instant hot chocolate uses images of Winter Olympic athletic events with athletes and fans warming up to a mug of the
dexar [7]

Answer:

The answer is: ambush marketing

Explanation:

Ambush marketing is a strategy that benefits from events or competitions that already have their own official sponsors. It's a "cheap" way of associating a brand with a big world class event on a relatively small budget. This happens a lot on international sports, specially by placing logos on the athletes' uniforms.  

4 0
3 years ago
Workplace Messaging and Texting
Evgesh-ka [11]

Answer:

The questions are in three parts, so I will group them accordingly and only write out the checked answers.

Part 1: What benefits will you mention to your supervisor? Check all that apply.

IM enables real-time communication anywhere in the world

IM is a convenient alternative to the telephone

Part 2: Which option is the best practice to avoid security issues?

Do not send confidential or sensitive information via IM or text

Part 3: Which texting guidelines does Jeanne ignore in this situation? Check all that apply.

Alert the sender when the sender has sent you a message by mistake

Don't text in inappropriate situations

Explanation:

Part 1: Instant Messaging (IM) enabling real time communication means that communication can be done without delay in delivery, and this is of advantage in a workplace especially one that is large and has sub-units because the barrier of distance is breached. For example, if a member of the team is not present at work and an information is needed urgently from him/her, using IM that person can be reached easily and a response gotten immediately.

Also, IM is a convenient alternative to the telephone because it is a cheaper alternative, more information can be passed and communication can take place at a lower cost. Besides this, it ensures the maintenance of a more serene environment at work because it is a non-audible form of communication as opposed to telephone, which is an audible form of communication and can cause noise pollution in the work place if a large number of workers are talking at the same time and if they are talking loudly too. Thirdly, because it is a visual form of communication, discrete and personal information can be passed without the other workers hearing or knowing about it.

saying that IM allows for speedy recovery of lost documents may not be helpful in this situation because first of all, the supervisor will have a sense that using IM will promote carelessness, because of the ease to recover lost documents and it is not entirely true that IM can be used to recover lost documents, it is mainly for communication and uses text messages.

Part 2: IM like every other virtual forms of communication is easily prone to security mishaps, because a glitch in the transmission channel can lead to sensitive information being lost or exposed to inappropriate audience, hence as a best practice to avoiding security issues, sensitive or confidential information should be as much as possible not be sent using IM or text.

The other options; respecting receivers by using good grammar and proper spelling and making oneself unavailable does not have anything to do with improving security so they remain unchecked.

Part 3: guidelines are made to prevent abuse and misuse, the same applies for texting especially in the workplace. From the scene described in the third part, Jeanne, knowing that the sender sent the wrong message should have prompted the sender on this because this could have easily been avoided if the information was passed person-to-person, since the sender is seeing the receiver so he/she knows which particular Jeanne to talk to, so, responding to a message that is not meant for you is a default in the use of texting. Secondly, Jeanne was in the middle of a conversation when the text came in, since the situation was not urgent, she could have finished with the conversation with her supervisor before responding to the text message so she violated another texting guideline. Now just imagine that you were Jeanne's supervisor, how would you feel when she abruptly pauses your conversation to respond to a text message.

The first option is actually true, sad news or sensitive business matters are not passed via text messaging but it does not apply in the context described, while not expecting instant reply is not a guideline.

3 0
3 years ago
Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $16 million, and production
Tema [17]

Answer:

1.Initial investment outlay= $19 million

2. N0

3.Initial investment outlay= $ 20.5 million

The project's cost will INCREASE

Explanation:

1. Calculation for the initial investment outlay

Using this is formula

Initial investment outlay = New equipment cost + Working capital

Let plug in the formula

Initial investment outlay= $16 million + $3 million

Initial investment outlay= $19 million

Therefore the Initial investment outlay will be $19 million

2. If the company spent and as well expensed the amount of $150,000 on research related to the new product last year, this means that the amount of $150,000 which is a research cost will be a sunk cost because it occured last year which simply means that the initial investment outlay will still remains the amount of $ 19 million.

Therefore there would NOT be any change in the initial investment outlay because it will still remains at the amount of $ 19 million.

3. If the building could be sold for the amount of $1.5 million after taxes and real estate commissions and the company wishes NOT to sell the building this will lead to a loss for the company which is why the company will have to add the amount of $1.5 million into the already initial investment outlay of $19 million while evaluating their project.

Hence,

Initial investment outlay = $19 million +$ 1.5 million

Initial investment outlay= $ 20.5 million

Therefore The project's cost will INCREASE by the market value of the building

3 0
3 years ago
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