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Ainat [17]
2 years ago
15

PLZ PLZ HELP HELP HELP YALL ITS IMPORTANT ASAP

Business
1 answer:
fredd [130]2 years ago
3 0

Answer:

1144.95$

Explanation:

375.40 was given every week so multiply by 3 and I got 1126.20.. now annually is the key work and annually means per month so I divide 22500 by 12 and got 18.75. last, I added 18.75 a d 1126.95 and got 1144.95!! Hoped explained well!!

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It is important to think about your own views on leadership. What do you feel are the foundations of what makes a leader success
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1 year ago
Which of the following is true when there is excess demand for a product in a market?
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3 years ago
Which type of bankruptcy requires the liquidation of most of the debtor's assets?
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2 years ago
Dixon Construction Company was awarded a contract to construct an interchange at the junction of U.S. 94 and Highway 30 at a tot
Ostrovityanka [42]

Answer:

The Journal entries are as follows:

(i) Construction in progress A/c Dr. $5,104,000

                    To cash A/c                                      $5,104,000

(To record the construction costs)

(ii) Accounts receivables A/c Dr. $2,980,000

              To billings A/c                                    $2,980,000

(To record the progress billings)

(iii) Cost of goods sold A/c Dr. $5,104,000

Construction in progress A/c Dr. $1,740,000

             To revenues A/c                                $6,844,000

(To record the revenues)

Workings:

Revenues :

= (Cost incurred to date ÷ Expected costs to complete) × Contract value

= ($5,104,000 ÷ $8,800,000) × $11,800,000

= 0.58 × $11,800,000

= $6,844,000

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3 years ago
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