1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleks [24]
3 years ago
6

Sandhill Construction Co. has consistently used the percentage-of-completion method of recognizing revenue. During 2021, Sandhil

l entered into a fixed-price contract to construct an office building for $24000000. Information relating to the contract is as follows:
Business
1 answer:
mariarad [96]3 years ago
6 0

Answer:

B. $5,940,000

Explanation:

2022

Estimated total cost at completion ×Percentage of completion

$19,200,000 ×45%

=$19,200,000×0.45

=$ 8,640,000

2021

Estimated total cost at completion ×Percentage of completion

$18,000,000 ×15%

=$18,000,000×0.15

=$ 2,700,000

Therefore :

$8,640,000 - $2,700,000= $5,940,000 which is the contract cost incurred in 2022

You might be interested in
Olde manufacturing, a parts supplier to the auto industry, has been using the behavioral approach to management for over 100 yea
allochka39001 [22]

<u>The answer is "False".</u>


The human relations development was an important adjustment to the sterile approach utilized inside logical administration, however its optimism  came to be considered excessively oversimplified for viable utilize. All the more as of late, the human relations view has been superseded by the behavioral science way to deal with administration.

5 0
3 years ago
Josh is 32 years old. After graduating with a bachelor's degree, he worked for a financial organization for seven years and rece
Snezhnost [94]

Answer:

a career transition        

Explanation:

In simple words, a career transition refers to the process under which an individual changes his or her job or profession etc. Such transition could be done by changing jobs in the same job sector such as one start selling pizzas instead of burgers. On the other hand, some individual changes their occupations drastically, for instance, a doctor starts a burger shop by arranging his or her own capital.  

5 0
3 years ago
Outstanding debt of Home Depot trades with a yield to maturity of ​%. The tax rate of Home Depot is . What is the effective cost
nydimaria [60]

Answer:

5.6%

Explanation:

A lot of information is missing, so I looked for similar questions to fill in the blanks:

"Outstanding debt of Home Depot trades with a yield to maturity of 8%.

The tax rate of Home Depot is 30%.

What is the effective cost of debt of Home Depot?"

the effective cost of debt or after tax cost of debt = debt's yield to maturity x (1 - tax rate) = 8% x (1 - 30%) = 8% x 0.7 = 5.6%

Interest is tax deductible, therefore, it creates a tax shield that lowers net interest expense.

8 0
4 years ago
Question text The first task of an event marketer is to Select one: a. Attract attendees b. Elicit sponsors c. Organize staff d.
Mamont248 [21]

Answer:

C. Organize staff

Explanation:

C. Organize staff is the answer.

7 0
4 years ago
The original cost of a product is 75$. Inflation for the first year is 8 percent; for the second year, inflation is 10 percent.
jonny [76]

Answer:

Answer 25 questions from  an A,B

Explanation:

4 0
3 years ago
Other questions:
  • Stella manages the production team at Camden Inc., a manufacturer of heavy industry machinery in the United States. She needs to
    5·1 answer
  • Peggy Owns A House Cleaning Service. She Built A Booking Website And Is Ready To Promote Her Services Online. She Wants Her Ads
    9·1 answer
  • From past experience, the company has learned that 25% of a month’s sales are collected in the month of sale, another 60% are co
    7·1 answer
  • Cinnamon Corp. started business in 2007, uses a periodic inventory system and uses the weighted average cost method. During 2007
    7·1 answer
  • Whatever the quality improvement approach, what key concept(s) is/are common between each approach?
    11·1 answer
  • What is not true about bartering?
    6·1 answer
  • Sunrise foods has been developing a new line of meatless breakfast sandwiches. Sunrise has identified a market segment and, thro
    11·1 answer
  • A full-time job usually means you will work how many hours per week?
    10·2 answers
  • At the completion of a presentation, students were told by the professor that although their talk was solid as far as content, t
    10·1 answer
  • Sheffield Company's delivery truck, which originally cost $85400, was destroyed by fire. At the time of the fire, the balance of
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!