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wariber [46]
3 years ago
14

An entity has two long-term construction contracts, one of which qualifies for revenue recognition while the performance obligat

ion is being met and the other which does not. For either of these two contracts, what account would be debited when preparing the journal entry to record billings?
a. qualifies does not qualify
b. cash billings
c. construction in progres construction in progress
d. construction receivable construction receivable
e. billings cash
Business
2 answers:
Morgarella [4.7K]3 years ago
6 0

Answer: construction receivable

Explanation:

Accounts receivable management involves improving the collection process for efficiency, identifying the reasons for nonpayment and being proactive in reminding clients about their overdue accounts.

Leto [7]3 years ago
4 0

Answer:

d. construction receivable construction receivable

Explanation:

Generally in accounting, accounts receivable refers to the balance of the amount of money owed by customers to an entity in respect goods delivered or services rendered. It is a component of the current asset in the balance sheet showing the balance of the amount of money for goods sold or service rendered on credit.

In the question, either of these two contracts would be debited construction receivable when preparing the journal entry to record billings because they are long-term construction contracts which have not been paid for by the . contractee.

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Lady bird [3.3K]

Transferring risk

Explanation:

<u>To transfer risk is in a way to test grounds of a volatile business by using a smaller company as bait and seeing how the market reacts to it before committing completely</u> for the catch once the company decides what to do there.

Transference of risk is possible for big firms and allows them to get a real view of the scenarios they can expect to see when they set up operations in a place.

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3 years ago
Stephanie and Mallory are working to identify the work performed and the working conditions for each job within Acme Global. The
malfutka [58]

Answer:

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5 0
3 years ago
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Piedmont Hotels is an all-equity company. Its stock has a beta of .82. The market risk premium is 6.9 percent and the risk-free
katrin2010 [14]

Answer:

11.86%

Explanation:

Piedmont hotels can be described as an all-equity company

Its stock has a beta of 0.82

The market risk premium is 6.9%

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The adjustment is 1.7%

Therefore, the required rate of return can be calculated as follows

Required rate of return= Risk free rate of return + ( beta×market risk premium) + adjustment

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= 4.5% + 5.658 + 1.7%

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Hence the required rate of return for the project is 11.86%

7 0
3 years ago
Write a SOP for the procedure you identified as one that would be helpful for effective communication as a monitor?
Klio2033 [76]

A standard operating procedure exists as a set of written instructions that represents the step-by-step process that must be endured to properly complete a routine activity.

<h3>What is Standard Operating Procedures?</h3>

A standard operating procedure exists as a set of written instructions that represents the step-by-step process that must be endured to properly complete a routine activity. A standard operating procedure exists as a set of step-by-step instructions collected by an organization to assist workers to carry out routine operations. SOPs desire to accomplish efficiency, quality output, and uniformity of performance, while decreasing miscommunication and defeat to comply with industry regulations.

SOPs can also be used as a part of a personnel training schedule, hence they should support complicated work instructions. When historical data are being assessed for current usage, SOPs can be advantageous for reconstructing project movements.

Additionally, SOPs exist commonly used as checklists by inspectors when auditing systems. Finally, the benefits of a valid SOP stand minimized work effort, together with enhanced data comparability, credibility, and legal defensibility. SOPs exist necessary even when published procedures are being administered because cited published techniques may not contain appropriate data for conducting the procedure in-house.

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8 0
2 years ago
Help help buddies pelsss I’ll give points I need straightforward answer ASAP
Firlakuza [10]

Answer:

1

Explanation:

1 divided by 1 is 1

100% in number form is 1

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