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SashulF [63]
3 years ago
5

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 $3,405,000
Cost: 2017 1,290,000
2018 690,000

Gross profit: 2017 935,000
2018 490,000

Contract billings: 2017 1,702,500
2018 1,702,500

ADH recognizes revenue upon completion of the contract. In its December 31, 2017, balance sheet, ADH would report:_______
Business
1 answer:
Katarina [22]3 years ago
4 0

Answer:

Contract amount = liablity :unearned revenue = $3405000

contract cost are setoff against contract billings and determine difference to be asset or liability

contract billings = ( $1702500-$1290000) = 412500 = liability

Explanation:

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In 2020, Sheridan Company, issued for $102 per share, 94000 shares of $100 par value convertible preferred stock. One share of p
diamong [38]

Answer:

$2,538,000

Explanation:

Paid in capital in excess of par-common stocks= $102*94,000-94000*3*25=$2,538,000

The preference shares were valued at $102*94,000 less the amount of common stocks issued at par (94,000*3*25) for conversion of preference stocks to common stocks will give paid in capital in excess of par for common stocks.

The excess amount is also called share premium paid.

7 0
3 years ago
The total length of your apartment is 30 feet and the total width is 20 feet. What is the total area of the apartment?
gavmur [86]

Answer:

The answer should be 600

Explanation:

30x20=600

6 0
3 years ago
Isaac is looking for ways to offer new goods and services to his existing customers. he is pursuing a market development strateg
I am Lyosha [343]

False, this is a product development strategy.

A marketing development strategy finds <em>new </em>markets for <em>existing </em>products, which is the opposite of what Issac is doing.

7 0
4 years ago
Total quality management (tqm) emphasizes all but which one of the following?a. Team-based work design and the creation of a tot
Sindrei [870]

Answer:

c. Involvement and empowerment of employees at all levels

Explanation:

Total quality management refers to managing the organization in order to develop a success in the long run by considering the low level workers to the high level executive, and at the same time focused on quality improvement and the customer satisfaction

Here are the following points to become important for an organization

1. Quality improvement, management leads to long term success for organization and customers

2. The deficiencies could be determined by performing the work and can be corrected through providing the training, education, etc

3. If the product contains high quality that meet the needs of the customers than it would lead to high customer satifaction

4. And, in case if there is few defective product so the company is in a position to save the cost

5 0
4 years ago
Complete the following sentence.
tiny-mole [99]

Answer:

Auditor

Explanation:

If an interviewer has suspicions of fraud, the interviewer may call on a fraud AUDITOR to assess the situation.

This is because a FRAUD AUDITOR is a type of auditor who based on his experience and background, works as a professional in the gathering of verifiable evidence in terms of fraud and eventually serves as an expert witness during the legal proceeding of such cases.

8 0
3 years ago
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