Deen Construction began a construction project in 2018. The contract price was $1,250,000, and the estimated costs were $1,000,000. Data for each year of the contract are as follows:

Instructions:

1. Assuming Deen the percentage of completion method:

(a) Prepare a schedule that computes the gross profit for 2018 - 2020

(b) Determine the net amount for construction in progress inventory should be reported on the 2018 balance sheet.

(c) Prepare all the necessary journal entries for 2019

2. Compute the amount of gross profit to be recognized each year, assuming the completed contract method is used.

You must show supporting computations to receive credit.

The mayor of a town has proposed a plan for the construction of a new community. A political study took a sample of 1000 voters in the town and found that 69% of the residents favored construction. Using the data, a political strategist wants to test the claim that the percentage of residents who favor construction is more than 65%. Testing at the 0.02 level, is there enough evidence to support the strategist's claim?

Step 1 of 6: State the null and alternative hypotheses.

Step 2 of 6:Find the value of the test statistic. Round your answer to two decimal places.

Step 3 of 6:Specify if the test is one-tailed or two-tailed.

Step 4 of 6:Determine the decision rule for rejecting the null hypothesis, H0

Step 5 of 6:Make the decision to reject or fail to reject the null hypothesis

Step 6 of 6:State the conclusion of the hypothesis test

The mayor of a town has proposed a plan for the construction of a new community. A political study took a sample of 1700 voters in the town and found that 73% of the residents favored construction. Using the data, a political strategist wants to test the claim that the percentage of residents who favor construction is more than 70%. Testing at the 0.05 level, is there enough evidence to support the strategist's claim?

Step 1 of 7: State the null and alternative hypotheses.

Step 2 of 5 :  Find the value of the test statistic. Round your answer to two decimal places.

Step 3 of 5 : Specify if it is one tailed or two tailed

Step 4 of 5 :  Find the P-value of the test statistic. Round your answer to four decimal places.

Step 5 of 5 : Make the decision to reject or fail to reject the null hypothesis.

State the conclusion of the hypothesis test.

Please give answers of the following questions:

1. What are the strengths and limitations of using estimates of total economic value to

develop environment policy recommendations? How does your answer relate to your

worldview (anthropocentric or ecocentric)?

2. Do you think contingent valuation should be widely used as a tool for developing environmental policy recommendations? What do you think is the main strength of CV?

What do you think is its main weakness?

3. Suppose that you are asked to conduct a cost-benefit study of a proposed coal-fired

power plant. The plant will be built on the outskirts of a residential area and will emit a

certain volume of pollutants. It will require a substantial amount of water for its cooling

system. Industries in the region argue that the additional power is urgently needed, but

local residents oppose construction. How would you evaluate social and environmental

costs and weigh them against economic benefits?

4. As mentioned in the text, under U.S. law federal agencies must use cost-benefit analysis to evaluate major policy proposals. Do you agree with this requirement, in particular for environmental policies? How much weight do you believe should be given to the results of cost-benefit analyses when making policy decisions? Discuss how economic, health, and environmental criteria should be balanced in formulating regulations.

5. Suppose that the government of a developing country is considering the establishment of a national park in a scenic forested area. Local opposition arises from those who wish to use the forest land for timbering and agriculture. But the national park would draw both local and foreign visitors as tourists. Could cost-benefit analysis aid the decision on whether to establish the park? What factors would you consider, and how would you measure their economic value?

6. In what respects is “natural capital” similar to human-made capital, and in what respects does it differ? We often speak of a “return to capital,” meaning the stream of income generated by a capital investment. Can we speak of a return to natural capital? What are examples of investment in natural capital? Who is motivated to make such investments? Who would suffer if such investments were not made, or if “disinvestment” occurs due to resource depletion or environmental degradation?

7. Is the concept of optimal scale for an economy useful? If so, how would you go about

determining it? Do you think that economies such as those in the United States, Europe,

and Japan have reached optimal scale? Exceeded it? How about the economies of Latin America, Asia, and Africa? How would you relate the concept of optimal scale in the global economy to economic growth in national economies at different levels of development?

8. Distinguish the concepts of strong and weak sustainability, and give some practical examples, other than those cited in the text, for their application. Where is each concept most appropriate? Which economic policy measures are relevant to achieving sustainability?

1-Describe how rock musicals changed the trajectory of musical theater and give an example of two early rock musicals.?

Post the definition of an adhesion contract and an example of how dry cleaners or movie theater might have an adhesion contract with the customers.

During 2020, Riverbed Company started a construction job with a contract price of $1,610,000. The job was completed in 2022. T

he following information is available. 2020 2021 2022

Costs incurred to date $383,800 $905,280 $1,063,000

Estimated costs to complete 626,200 198,720 –0–

Billings to date 302,000 896,000 1,610,000

Collections to date 271,000 817,000 1,419,000

Compute the amount of gross profit to be recognized each year, assuming the percentage-of-completion method is used.

Prepare all necessary journal entries for 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. For costs incurred use account Materials, Cash, Payables.)

Compute the amount of gross profit to be recognized each year, assuming the completed-contract method is used.
Gross profit 2020? 2021? 2022?

The comparative balance sheets of Maynard Movie Theater Company at June ​30, 2018 and 2017​, reported the​ following:

1.
Prepare Maynard Movie Theater ​Company's statement of cash flows for the year ended June ​30, 2018​, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule.
2.
Evaluate Maynard​'s cash flows for the year. Mention all three categories of cash​ flows, and give the rationale for your evaluation.

Requirement 1. Prepare Maynard Movie Theater ​Company's statement of cash flows for the year ended June ​30, 2018​, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule.
Start by completing the cash flows from operating activities. Then complete the remaining statement of cash flows and the accompanying schedule of noncash investing and financing activities. ​(Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in​ cash.)

Requirement 2. Evaluate Maynard​'s cash flows for the year. Mention all three categories of cash​ flows, and give the rationale for your evaluation.
Maynard Movie Theater ​Company's cash flows look
▼
strong
weak
.
▼
Financing activities
Investing activities
Operating activities
are the main source of cash.
Maynard Movie Theater generated a
▼
negative
positive
cash flow from investing activities largely due to the
▼
purchase
sale
of equipment and a building. It generally bodes
▼
poorly
well
for the future when a company invests in new capital assets.
Maynard Movie Theater generated a
▼
negative
positive
cash flow from financing activities. These financing activities indicate that the Maynard Movie Theater
▼
is considered
is not considered
​credit-worthy to be able to issue​ long-term notes. We also see that the company has
▼
insufficient
sufficient
funds to pay cash dividends.

A construction company is evaluating an investment project consisting in developing a new residential building on a plot of land. The cost of the land, to be paid in t=0, is €500K and construction would take 2 years. Construction costs are estimated to be €650K in t=1 and €650K in t=2. The building would then generate an annual cash flow of €250K in perpetuity, starting from t=3. If the cost of capital is 8%, the NPV of this project is closest to:

A. €1,190K B. €1,020K C. €1,466K D. €1,357K

During 2020, Blue Spruce Corporation started a construction job with a contract price of $6.16 million. Blue Spruce ran into severe technical difficulties during construction but managed to complete the job in 2022. The contract is non-cancellable. Under the terms of the contract, Blue Spruce sends billings as revenues are earned. Billings are non-refundable. The following information is available:

Calculate the amount of gross profit that should be recognized each year under the percentage-of-completion method.

2020

2021

2022