Questions
Connecting the link between family life and social structure, Provide 5 examples of how society influences...

Connecting the link between family life and social structure, Provide 5 examples of how society influences family life. How does this construction change over time?

In: Psychology

How many sugars ar needed to provide the energy and construction material fro making a new...

How many sugars ar needed to provide the energy and construction material fro making a new cell? Make an estimate for the average rate of sugar uptake for dividing bacterium.

In: Biology

“Introns and Exons” essay question Explain why the average rate of evolution differs between introns and...

“Introns and Exons” essay question

Explain why the average rate of evolution differs between introns and exons, and why this is important for choosing genetic markers to be used in phylogeny construction.

In: Biology

What document summarizes the financial position of the construction company? Question options: A) Income Summary B)...

What document summarizes the financial position of the construction company?

Question options:

A)

Income Summary

B)

Work in Progress Schedule

C)

Balance Sheet

D)

General Journal

In: Civil Engineering

Justify the reasons for saving the materials during the construction of vertical curves in highway ,with...

Justify the reasons for saving the materials during the construction of vertical curves in highway ,with the
component elements of vertical curves . Also Give the necsssity of providing the component parts of vertical
curve

In: Civil Engineering

Discuss the preparation/construction process in different layers of highway foundation. How determination of optimum moisture content...

Discuss the preparation/construction process in different layers of highway foundation. How
determination of optimum moisture content for a given soil will ensure the load carrying capacity of
highway foundation?

In: Civil Engineering

1. what are the right sequences of driving the precast reinforced convrete piles? 2.introduce the procedure...

1. what are the right sequences of driving the precast reinforced convrete piles?

2.introduce the procedure of construction of the bored piles with the hole being supported by the mud in detail please

In: Civil Engineering

On March 1, 2017, Oriole Construction Company contracted to construct a factory building for Fabrik Manufacturing...

On March 1, 2017, Oriole Construction Company contracted to construct a factory building for Fabrik Manufacturing Inc. for a total contract price of $8,450,000. The building was completed by October 31, 2019. The annual contract costs incurred, estimated costs to complete the contract, and accumulated billings to Fabrik for 2017, 2018, and 2019 are given below: 2017 2018 2019 Contract costs incurred during the year $3,052,800 $2,254,300 $1,962,900 Estimated costs to complete the contract at 12/31 3,307,200 1,962,900 –0– Billings to Fabrik during the year 3,230,000 3,470,000 1,750,000 (a) Using the percentage-of-completion method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2017, 2018, and 2019. (Ignore income taxes.) (If answer is 0, please enter 0. Do not leave any fields blank.) 2017 $ $ % $ $ 2018 $ $ % $ $ 2019 $ : $ (b) Using the completed-contract method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2017, 2018, and 2019. (Ignore income taxes.) (If answer is 0, please enter 0. Do not leave any fields blank. Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) 2017 $ 2018 $ 2019 $

In: Accounting

On July 1, 2017, Skysong Construction Company Inc. contracted to build an office building for Gumbel...

On July 1, 2017, Skysong Construction Company Inc. contracted to build an office building for Gumbel Corp. for a total contract price of $1,910,000. On July 1, Skysong estimated that it would take between 2 and 3 years to complete the building. On December 31, 2019, the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for 2017, 2018, and 2019.

At
12/31/17

At
12/31/18

At
12/31/19

Contract costs incurred to date $327,800 $1,180,000 $2,090,400
Estimated costs to complete the contract 1,162,200 820,000 –0–
Billings to Gumbel 300,000 1,110,000 1,870,000


(a) Using the percentage-of-completion method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2017, 2018, and 2019. (Ignore income taxes.) (If answer is 0, please enter 0. Do not leave any field blank.

(b) Using the completed-contract method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2017, 2018, and 2019. (Ignore income taxes.) (If answer is 0, please enter 0. Do not leave any fields blank.)

In: Accounting

Problem 18-11 On July 1, 2017, Vaughn Construction Company Inc. contracted to build an office building...

Problem 18-11

On July 1, 2017, Vaughn Construction Company Inc. contracted to build an office building for Gumbel Corp. for a total contract price of $1,890,000. On July 1, Vaughn estimated that it would take between 2 and 3 years to complete the building. On December 31, 2019, the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for 2017, 2018, and 2019.

At
12/31/17

At
12/31/18

At
12/31/19

Contract costs incurred to date $304,000 $1,207,800 $2,089,200
Estimated costs to complete the contract 1,216,000 772,200 –0–
Billings to Gumbel 300,000 1,080,000 1,830,000


(a) Using the percentage-of-completion method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2017, 2018, and 2019. (Ignore income taxes.) (If answer is 0, please enter 0. Do not leave any field blank.)

(b) Using the completed-contract method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2017, 2018, and 2019. (Ignore income taxes.) (If answer is 0, please enter 0. Do not leave any fields blank.)

In: Accounting