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dexar [7]
3 years ago
11

In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T

he road was completed in 2023. Information related to the contract is as follows:
2021 2022 2023
Cost incurred during the year $2,640,000 $2,300,000 $2,926,000
Estimated costs to complete as of year-end 6,160,000 2,660,000 0
Billings during the year 2,080,000 2,860,000 5,060,000
Cash collections during the year 1,840,000 2,800,000 5,360,000

Westgate recognizes revenue over time according to percentage of completion.

Required:
1. Calculate the amount of revenue and gross profit (loss) to be recognized In each of the three years.
2.b. In the Journal below, complete the necessary Journal entries for the year 2021.
2.c. In the Journal below, complete the necessary Journal entries for the year 2021.
3. Complete the Information required below to prepare a partial balance sheet for 2020 and 2021 showing any Items related to the contract.
4. Calculate the amount of revenue and gross profit (loss).
Business
1 answer:
strojnjashka [21]3 years ago
5 0

Answer:

I think no A

if wrong correct me plsssssss

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You are attending a training session on the principles that will help you do a better job of managing a new company-wide diversi
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Answer:

Managing a Company-wide Diversity Program

1. The statement that effectively illustrates a diversity principle is:

Statement 2

You will be better able to increase the diversity of your workforce if you interview candidates with entry-level experience even though it might be ideal to hire someone with years of experience.

2. You should choose statement ___2______as the more appropriate strategy for managing diversity, since it is an example of__managing high standards_______.

3. The statement that indicates one of the diversity principles discussed during your absence is:

a. Surface-level diversity should not be treated as more important than deep-level diversity.

Explanation:

Workplace diversity is an important current topic.  Diversity encourages productivity, creativity, innovation, and increased customer service.  Diversity ensures that our limited worldviews are expanded to include others who are not, and do not think, like us but are humans created in Love and Mercy, to work with us, to make the world a better place.  In today's workplace, a diverse culture looks beyond the familiar-cultural boundaries to embrace diverse peoples without minding their sex, race, sexual orientations, education, and other human attributes.

4 0
3 years ago
Which is not one of the four major characteristics associated with a growing entrepreneurial firm?
Anastaziya [24]

Which isn't one of the 4 major characteristics related to a developing entrepreneurial firm: Inimitable

Entrepreneurial firms are companies that carry new products and services to the marketplace by using creating and seizing possibilities. Definition (2): “A firm which undertakes volatile ventures and engages in product-market innovation is known as an entrepreneurial company.

As some distance as entrepreneurial culture is going, it's far taken to be synonymous with constant of innovation. Amazon is a distinctly innovative corporation. In fact, in 2017, it turned into identified by a speedy employer as the maximum revolutionary organization.

Learn more about entrepreneurial firm here: brainly.com/question/353543

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5 0
2 years ago
Any four works of AHW​
lakkis [162]

Answer:

?? what do u mean do u need help with something!

5 0
3 years ago
In markets characterized by oligopoly,
Tju [1.3M]

Answer:

d. the oligopolists earn the highest profit when they cooperate and behave like a monopolist.

Explanation:

An oligopoly is when there are few large firms operating in an industry.

When oligopoly firms come together and agree to set a price, they are known as cartels and are acting as a monopoly. Firms in a cartel earn the highest profit because they act as a monopoly compared to when they aren't in a cartel and each firm sets their own prices to maximise profit. In a case where firms in an oligopoly do not form a cartel, they engage in price wars and other forms of competition which might make firms earn lower profits compared to when they are in a cartel.

Collusive agreements aren't always binding. Firms might have incentives to cheat on the agreement if the payoff from cheating is higher than not cheating.

I hope my answer helps you.

4 0
3 years ago
Stock A's stock has a beta of 1.30, and its required return is 12.00%. Stock B's beta is 0.80. If the risk-free rate is 4.75%, w
kvv77 [185]

Answer:

c. 9.21%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

For stock A

12% = 4.75% + 1.30 × market risk premium

12% - 4.75% = 1.30 × market risk premium

7.25% =  1.30 × market risk premium

So, the market risk premium = 5.58%

For Stock B, required rate of return would be

= 4.75% + 0.80 × 5.58%

= 4.75% + 4.464%

= 9.214%

6 0
4 years ago
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