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stira [4]
3 years ago
11

Arizona Desert Homes (ADH) constructed a new subdivision during 2017 and 2018 under contract with Cactus Development Co. Relevan

t data are summarized below: Contract amount $ 2,550,000 Cost: 2017 1,100,000 2018 500,000 Gross profit: 2017 650,000 2018 300,000 Contract billings: 2017 1,275,000 2018 1,275,000 ADH recognizes revenue upon completion of the contract. What is the journal entry in 2018 to record revenue?
Business
1 answer:
kipiarov [429]3 years ago
4 0

Answer:

The Journal entry is as follows:

Construction in progress A/c   Dr. $950,000

Cost of construction A/c           Dr. $1,600,000

To revenue from long term contracts                       $2,550,000

(To record the revenue in 2018)

Workings:

Cost of construction:

= cost of 2017 + cost of 2018

= $1,100,000 + $500,000

= $1,600,000

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Answer:

9. Carbon paper

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7 0
3 years ago
Currently digby is paying a dividend of $19.67 (per share). if this dividend were raised by $3.64, given its current stock price
umka2103 [35]

The dividend yield for Digby is $23.33

<h3>What is Dividend Yield?</h3>
  • A financial ratio (dividend/price) called the dividend yield, which is stated as a percentage, demonstrates how much a firm pays in dividends annually in relation to the price of its stock.
  • Price/Dividend, often known as the dividend yield ratio, is the counterpart of dividend yield.
  • The amount of money a firm pays shareholders for owning a share of its stock divided by its current stock price is known as the dividend yield, which is represented as a percentage.
  • The majority of mature corporations pay dividends.
  • The dividend yields of businesses in the consumer goods and utility sectors are frequently greater than average.
  • The dividends from real estate investment trusts (REITs), master limited partnerships (MLPs), and business development corporations (BDCs) are taxed more heavily than the typical dividend.

Explanation:

Given that

Dividend per share = $19.69

Increase in Dividend = $3.64

Using this formula

Dividend yield = Dividend per share + Increase in Dividend

Dividend yield = $19.69+$3.64

Dividend yield =$23.22

Therefore the Dividend yield will be $23.22

To learn more about Dividend yield with the given link

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6 0
2 years ago
Several market participants interact in developed markets to organize the exchange of funds from buyers to sellers. Such institu
Sergio [31]

Answer:

1. Commercial banks

2. Life insurance companies

3.  Mutual funds

Explanation:

commercial banks

The commercial bank is a financial institution that accepts deposits and offer other services such as giving loans and other basic financial services to both individuals and organisations.  

Life insurance companies

The life insurance companies are financial institutions that provide lump sums otherwise known as death benefits to beneficiaries  of their policy holders upon their demise, provided that premium is paid on regular basis.

Mutual fund

A Mutual Fund is an investment vehicle made up of a pool of funds collected from numerous investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual Funds are operated by professional fund managers, who invest the fund's capital and attempt to produce capital gains and income for the investors.  

One of the main advantages of Mutual Funds is they give small investors access to professionally managed, diversified portfolios of equities, bonds and other securities. Each shareholder, therefore, participates proportionally in the gain or loss of the fund.​

4 0
2 years ago
Sometimes employees have different opinions about how things should be done, or simply have a personality conflict, and then Can
erma4kov [3.2K]

Answer:

<u>disturbance handler role of management</u>

Explanation:

Note that a manager <u><em>not only</em></u> directs employees but also resolves disputes among employees. In this scenario, Candace plays the disturbance handler role of management which involves a manager to fairly use his position of authority to resolve conflicts among employees.

3 0
3 years ago
Labor unions are organizations of employees formed to protect and advance their members' interests by bargaining with management
gavmur [86]

Answer:

I think that the correct answer is True

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