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RideAnS [48]
3 years ago
13

On January 1, Year 1, Big Co. enters into a contract with a customer to build a bridge on the customer’s land for $2,500,000. Th

e construction of the bridge is expected to be completed at the end of Year 3. Big determines that the progress toward completion of the bridge is reasonably measurable using the input method based on costs incurred. At contract inception, Big estimates that the expected total cost of construction will be $1,700,000. Below are the (1) actual costs incurred during each year, (2) expected costs to complete the construction, and (3) amounts billed to the customer: Year 1 Year 2 Year 3 Costs incurred each year $ 700,000 $500,000 $800,000 Costs expected in the following years 1,300,000 675,000 0 Amounts billed to (and paid by) the customer each year 700,000 950,000 850,000 What amount of revenue on this contract is recognized by Big in its Year 1 income statement?
Business
1 answer:
atroni [7]3 years ago
6 0

Answer:

Amount of revenue in Year 1 = $0

Explanation:

Amount of revenue in Year 1 = Amounts billed Year 1 - Costs incurred Year 1

Amount of revenue in Year 1 = $700,000 – $700,000  

Amount of revenue in Year 1 = $0

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The answer is 4, purchase a product based on a social media influencer.

this would not be an informed purchase
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2 years ago
The head of ABC Company announces that the company is going to start a weekend project teaching self-defense techniques to under
Mama L [17]

Answer:

Behavioral component

Explanation:

Attitude is the way we evaluate, prefer or reject a person or something which is determined by the information we have. General, it is how we tend to think or behave in a particular direction about a situation or something which is usually followed by feelings.

Attitude comprises of three components: cognitive, affective, and behavioral components.

The cognitive component of attitudes are the beliefs, characteristics and thoughts which are held by people about an object.

The affective component relates to emotions or feelings such hate, love or fear that are displayed by people toward something.

The behavior component of an attitude is they way a person intends or expects to behave toward an object. That is, it is an intention to react in a particular way toward an object or a situation.

Therefore, decision of Thomas to register for the project, as he is a trained kick-boxer, reflects the behavioral component of his attitude.

I wish you the best.

6 0
3 years ago
Juan and violet have shared an office for two weeks. neither of them spends time organizing or cleaning the office so it is beco
Alexandra [31]
Juan should call Violet and discuss the issue with her. The two of them should reach an agreement on how they will be taking care of the office on a daily basis. Each of them should be responsible for cleaning and organizing the office daily. In case the two of them are always too busy to clean up, then, they can employ a cleaner, who will be cleaning for them daily and the two of them will contribute to pay the cleaner.
8 0
3 years ago
The marginal impact of overall medical spending on health status is ________in the United States. The marginal impact of prevent
Mumz [18]

Answer:

C - larger; smaller

Explanation:

Marginal effects usually determine the change in a dependent variable (overall medical spending) based on a change in another variable that affects the dependent one (Spending on preventative care), all things remaining the same. If spending on preventative care is high, the overall medical bill should be low, assuming treatment costs, labor costs of health workers and all other factors are constant. If preventative care spending is low, the overall medical spending will be high.

The marginal effects of overall medical spending on health status is larger in the US. The marginal effects of preventative care spending on health is likely smaller than for overall spending.

5 0
3 years ago
Read 2 more answers
traci budgeted $770 for fixed expenses and $530 for living expenses per month. She has no annual expenses. Her annual net income
Nuetrik [128]

ANSWER: Surplus by $1,152

EXPLANATION: Traci had a budget of $770 for fixed expense and $530 for living expenses per month which adds up to $1,300 expenses per month. Since she has no annual expense, her yearly total expense would be $15,600.

Traci earns $16,752 so by subtracting her expense from income, we get $16,752 - $15,600 = $1,152

7 0
3 years ago
Read 2 more answers
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