subject
Business, 03.12.2019 01:10 joshuakirby

Monroe construction company uses the percentage-of-completion method of accounting. in 2013, monroe began work on a contract it had received which provided for a contract price of $20,000,000. other details follow: 2013 costs incurred during the year $9,600,000 estimated costs to complete as of december 31 $6,400,000 billings during the year $8,800,000 collections during the year $5,200,000 what should be the gross profit recognized in 2013?

ansver
Answers: 2

Another question on Business

question
Business, 03.02.2019 03:00
Which of the following statements is correct? a) one drawback of forming a corporation is that it generally subjects the firm to additional regulationsb) one drawback of forming a corporation is that it subjects the firms investors to increased personal liabilitiesc) one drawback of forming a corporation is that it makes it more difficult for the firm to raise capitald) one advantage of forming a corporation is that it subjects the firm's investors to fewer taxese) one disadvantage of forming a corporation is that it is more difficult for the firm's investors to transfer their ownership interests
Answers: 1
question
Business, 02.02.2019 19:50
When slick heating company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push. the product line may contain which type of products?
Answers: 2
question
Business, 30.01.2019 18:19
Which of the following is an effect of international trade? a. companies move to places where their profits will be lower. b. when companies move to other countries, their former employees lose their jobs c. companies move to places where labor is more expensive. d. companies move to places where their taxes will be higher.
Answers: 2
question
Business, 30.01.2019 12:47
15. chef a insists that roux is the traditional thickener for bisque. chef b insists that it's rice. which chef is correct? a. neither chef is correct. b. both chefs are correct. c. chef b is correct. d. chef a is correct.
Answers: 1
You know the right answer?
Monroe construction company uses the percentage-of-completion method of accounting. in 2013, monroe...
Questions
question
Chemistry, 11.09.2018 03:45
question
Physics, 11.09.2018 03:45
question
Social Studies, 11.09.2018 03:44
question
Chemistry, 11.09.2018 03:44
Questions on the website: 6487750