Solution:
Computation of % , revenue recognition and gross profit - Beck construction (In millions )
Year Actual cost incurred (A)
2020 $ 50
2021 $ 85
2022 $ 55
Year Total cost incurred till date (B)
2020 $ 50
2021 $ 135
2022 $ 190
Year Total Estimated cost (C)
2020 $ 150
2021 $ 220
2022 $ 190
Year % of completion (D) (B/C)
2020 33%
2021 61%
2022 100%
Year Contract price (E)
2020 $187
2021 $187
2022 $187
Year Total revenue to be recognised (F) ( E*D)
2020 $62
2021 $114
2022 $187
Year Revenue for current period (G)
2020 $62
2021 $52
2022 $73
Year Gross Profit (H) (G-A)
2020 $12
2021 $-33
2022 $18
Answer:
The stock is the place where the online trading occurs but the market is the place where the actual trade occurs.
Explanation:
Answer:
More info needed. (See Explanation):
Explanation: Needed more info to be solveable.
Answer:
Kohl's Average total Assets were $1,000,000
Explanation:
1.
Asset Turnover = Net Sales / Average fixed Assets
Net Sales = Asset Turnover x Average fixed Assets
2.
Account Receivable Turnover = Net Sales / Average Account receivable
Net Sales = Account Receivable Turnover x Average Account receivable
According to given condition
Asset Turnover x Average fixed Assets = Account Receivable Turnover x Average Account receivable
2 X Average fixed Assets = 10 X $200,000
Average fixed Assets = $2000,000 / 2
Average fixed Assets = $1,000,000