What is the OSHA?

In 2021, Short Construction began construction work under a four-year contract. The contract price is $2,000,000. Short recogniz

Masja [62]

Answer:

The appropriated answer will be "$1,700,000".

Explanation:

Revenue understood by completion percentage = Design balance throughout progress = $200,000

The percentage completion throughout the whole year will be:

⇒ $\frac{200,000}{2,000,000 }$

⇒ $10 \ percent$

The cost incurred throughout the whole year will be:

⇒ $Revenue \ recognized - Income \ on \ the \ contract$

⇒ $200,000 - 30,000$

⇒ $170,000$ ($)

Now,

The total estimated cost of the project at the end the year 2021 will be:

⇒ $\frac{170,000}{10 \ percent}$

⇒ $1,700,000$ ($)

6 0

2 years ago

The following is a partial year-end adjusted trial balance. Account Title Debits Credits Sales revenue $ 460,000 Loss on sale of

dalvyx [7]

Answer:

a) Operating Income = $73,000

b) Net income before income tax = $25,500

Explanation:

First part of the question is to determine the operating income or loss of the business

It is calculated as follows

Particulars Amount

Sales Revenue $460,000

Subtract: Cost of goods sold ($240,000)

General and Administrative exp. ($56,000)

Restructuring Costs ($58,000)

Selling Expenses ($33,000)

Operating Income $73,000

Second part is to determine the income or loss before income taxes

Particulars Amount

Operating Income $73,000

Add: Interest Revenue $6,500

Deduct:Loss on sales of investment ($54,000)

Income before Income Tax $25,500

Finally, the Net Income or loss after Income tax

$25,500 x .25 = $6,375

7 0

2 years ago

Which of the following is true about multicollinearity?

Komok [63]

Answer:

d. It is best measured using the statistic variance inflation factor (VIF).

Explanation:

Multicollinearity is an important issue in multiple regression model, having many independent/ explanatory variables. Multicollinearity is the situation in which two or more independent variables are highly correlated. It is problematic because it increases the standard error of independent variable coefficient & undermines its statistical significance

Variance Inflation Factor [VIF] is a check & corrective measure of multicollinearity.

VIF as a multicollinearity check : It quantifies the correlation between one explanatory variable with other explanatory variables.VIF = 1 implies there is no multicollinearity (correlation between independent variables); VIF upto 5 implies there is moderate multicollinearity (correlation between independent variables). VIF > 5 implies high multicollinearity (correlation between independent variables)
VIF as a multicollinearity correction : Calculating $Var (\beta j )$ = σ^2 / $[TSS j (1 - R^2j)]$ ; where TSS = total sum of square of variable j , σ^2 = j variance, R^2 j = R^2 from regressing all other independent variable on variable j

3 0

2 years ago

The Federal Reserve System Multiple Choice

Aliun [14]

Answer: Federal reserve system is basically an independent agency.

Explanation: The Federal reserve system is the bank that functions as the central bank of the USA. It is an organization that oversees most of the economic activities of the nation, supervises the banks in the country, and help to reduce effects of financial crisis.

The federal reserve system is mainly an independent body, with it's own president and other leadership positions but it is answerable to the Congress of the USA.

4 0

2 years ago

At the end of the first year of operations, Yolandi Company had $900,000 in sales and accounts receivable of $350,000. XYZ’s man

vivado [14]

Answer:

1. $13,500

2. $13,500

3. $336,500

Explanation:

1. Bad debt expense:

= Sales × Percent of sales uncollectible

= $900,000 × 1.5%

= $13,500

Therefore, the bad debt expense for the year 2019 is $13,500.

2. Allowance for Doubtful accounts = $13,500

3. For the end of 2019, what is the company's net realizable value:

= Accounts receivable - Allowance for Doubtful accounts

= $350,000 - $13,500

= $336,500

6 0

2 years ago