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Monica [59]
3 years ago
11

Cost estimates on a long-term contract may indicate that a loss will result on completion of the entire contract. In this case,

the entire expected loss should be:__________.
A) recognized in the current period, regardless of whether the percentage-of-completion or completed-
contract method is employed.
B) recognized in the current period under the percentage-of-completion method, but the completed-contract
method defers recognition of the loss to the time when the contract is completed.
C) recognized in the current period under the completed-contract method, but the percentage-of-
completion method defers the loss until the contract is completed.
D) deferred and recognized when the contract is completed, regardless of whether the percentage-of-
completion or completed-contract method is employed.
Business
2 answers:
Mamont248 [21]3 years ago
7 0

Answer:

The answer is A.) Recognized in the current period, regardless of whether the percentage-of-completion or completed contract method is employed.

Explanation:

The long -run cost function can be estimated using either time-series cost-output data collected on a plant (or firm) whose size has been variable over time, or cross-sectional cost-output dasta collected on a sample of plants,(firms) of different sizes at a particular point on time.

Talja [164]3 years ago
7 0

Answer:

The correct answer here is A)

Here is why.

Explanation:

If it is not recognized in the current period, it may be misleading. A forecast is indicative that a budget has already taken place and that resources have been released.

So even though cost estimates at the end of the incumbent period may indicate that a loss will result once the contract is completed, under the <em>Zero-Profit</em>, <em>Completed- contract</em> and <em>percentage-of-completion </em>methods, the entire loss that is expected on the contract must be recognized in the current period.

Cost estimation in project management speaks to identifying taking cognizance of the cost and other resources needed to finish a project whose purview or extent is properly defined.

A good cost estimate must include a detailed Basis of Estimate (BOE) report that describes the assumptions, exclusions, inclusions, accuracy and other aspects that are needed to interpret the total project cost.

Cheers!

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Answer: (A) Loyalty

Explanation:

 According to the given scenario, Henry hutchins is dissatisfied with his job but he believes to the supervisor of the company that he helps in reducing the stress and disappointment from the job.

The Henry repose to the given problem is refers as the loyalty as he shows faith to his supervisor and also shows the loyalty that he helps in improve the conditions of his job.

The loyalty is the term that shows the positive, reliable and the trust quality of the person that the one person devoted to other.

 Therefore, Option (A) is correct answer.

5 0
3 years ago
The two functions of financial accounting are to measure business activities and prepare tax returns. True or false
Schach [20]

The two functions of financial accounting are to measure business activities and prepare tax returns. FALSE

<h3>What is a Tax return?</h3>
  • A tax return is a document submitted to a taxing body that lists earnings, outlays, and other pertinent financial data.
  • Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns.
  • Tax returns must typically be filed yearly.
  • In the United States, tax returns including data necessary to compute taxes are filed with the Internal Revenue Service (IRS) or with the state or local tax collecting agency (Massachusetts Department of Revenue, for instance).
  • The IRS or another applicable authority's forms are often used to complete tax returns.

To learn more about Tax return, refer to the following link:

brainly.com/question/27300507

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6 0
1 year ago
On February 1st, H&amp;B Bank originated a loan for $50,000 at an interest rate of 7.2%. On March 15th, an interest payment of $
irina [24]

Answer:

d. Over time

Explanation:

The interest revenue will be recognize over time, regardless of the payment

If we only recognize revenue at payment due, if the bank client doesn't paid then we cannot recognize the accrued interest receivable.

We will recognize over time.

6 0
3 years ago
Carla Corporation was organized on January 1, 2014. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stoc
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Hey! How are you? My name is Maria, 19 years old. Yesterday broke up with a guy, looking for casual sex.

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8 0
3 years ago
Bond P is a premium bond with a coupon rate of 9.6 percent. Bond D is a discount bond with a coupon rate of 5.6 percent. Both bo
kirill115 [55]

Answer:

The current yield for Bond P is 21.49%

Explanation:

Current value of bond = Face value/(1+ YTM)^n

= $1000/((1+7.6%)^11) = $446.75

Annual coupon payment of Bond P = par value x coupon rate = $1000 x 9.6% = $96

Current yield of bond = annual coupon payment/ current value of bond

= $96/ $446.75 = 21.49%

7 0
3 years ago
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