The key principle in preventing disruption, destruction and disaster is __________

Blue Co. had the following first-year amounts related to its $12,000,000 construction contract: Actual costs incurred and paid $

IrinaVladis [17]

Answer:

$900,000

Explanation:

The computation of the total amount excluding cash is shown below:

But before that following calculations need to be done

% completion during the year is

= $3,000,000 ÷ ($3,000,000 + $6,000,000)

= 33.3333%

Now Total revenue to be recognized for the year is

= $12,000,000 × 33.33333%

= $4,000,000

Profit for the year is

= $4,000,000 - $3,000,000

= $1,000,000

Now Accounts receivables at the end of year is

= Billings - Collection

= $3,500,000 - $3,100,000 = $400,000

Now Cost and profits in excess of billings

= ($3,000,000 + $1,000,000) - $3,500,000

= $500,000

And, finally Total amount of current assets to be recognize at year end is

= $400,000 + $500,000

= $900,000

3 0

3 years ago

Budgeting - The Production Budget (2pts): Spanasonic Co. manufactures batteries for electric vehicles. Management reports ending

Doss [256]

Production budgets are used by manufacturers to determine the quantity of product units that will be produced. Based on the predicted sales, the production budget is chosen.

Regarding projected inventory levels, it is modified in accordance with the company's inventory policy. A manufacturer creates cost budgets for the direct materials, direct labour, and overhead expenses needed for manufacturing based on the production budget.

The company's inventory policy should be kept in mind while creating a production budget. The production budget is built on the sales budget, with changes made for starting and ending inventories.

The company's inventory management strategy affects the production budget as well. Depending on the company's strategic outlook, inventories may be increased or decreased.

For the given question, the production budget is prepared and attached in the form of an image.

Learn more about Production Budget here: brainly.com/question/13061264

#SPJ4

4 0

1 year ago

Marilyn has a biweekly gross pay of $810 and claims 3 federal withholding allowances. Marilyn has all of the following deduction

frutty [35]

The net pay of Marilyn will increase by $18.15 due to the increase in the federal withholding allowances from 3 to 4.

<h3>The computation of net pay considering various federal withholding allowances</h3>

Given,

Gross pay =$810

3 Federal withholding allowances =$37 (taken from the reference table)

4 Federal withholding allowances =$22 (taken from the reference table)

Federal state tax rate =21%

First, the state tax rate and the total amount of withholding for 3 Federal withholding allowances are computed:

$\begin{aligned}\text{State Tax}&=\text{Claim Amount}\times\text{Federal State Tax Rate}\\&=\$37\times21\%\\&=\$7.77\end{aligned}$

$\begin{aligned}\text{Total Amount of 3 withholdings}&=\text{Claim Amount}+\text{State Tax}\\&=\$37+\$7.77\\&=\$44.77\end{aligned}$

Now, the state tax rate and the total amount of withholding for 4 Federal withholding allowances are computed:

$\begin{aligned}\text{State Tax}&=\text{Claim Amount}\times\text{Federal State Tax Rate}\\&=\$22\times21\%\\&=\$4.62\end{aligned}$

$\begin{aligned}\text{Total Amount of 4 withholdings}&=\text{Claim Amount}+\text{State Tax}\\&=\$22+\$4.62\\&=\$26.62\end{aligned}$

The difference in the net pay will be the difference between $44.77 and $26.62, which is $18.15.

Therefore, Marilyn withholding will decrease from $44.77 to $26.62 that is increasing the net pay by $18.15

Learn more about federal-state tax, refer to the link:

brainly.com/question/25828729

7 0

2 years ago

Suppose that a consumer has a health insurance program with co-payments of $10 per doctor visit. If the consumer purchases 6 doc

Katarina [22]

Answer:

$300

Explanation:

Given that s a health insurance program with co-payments of $10 per doctor visit.

Thus,

amount paid by insurance in 1 visit = $10

Amount paid by insurance in 6 visit = $10*6 = $60

Total bill charged by the doctor in 6 visit = 360

Amount paid by the consumer = Total bill charged by the doctor in 6 visit - Amount paid by consumer in 6 visit = $360 - $60 = $300

Since , consumer is the third party payer he pays $300 out of total $360 bill charged by the doctor.

In fraction ,portion of bill paid by the third party payer = 300/360 = 5/6

Thus, 5/6 portion of bill is paid by third party payer.

3 0

3 years ago

All of the following qualifications are mandatory for apprenticeships sponsored by the National Electrical Contractors Associati

weeeeeb [17]

All of the above ....

3 0

3 years ago

Read 2 more answers

The key principle in preventing disruption, destruction and disaster is ___________.