Curtiss Construction Company, Inc., entered into a fixed-price contract with Axelrod Associates on July 1, 2021, to construct a four-story office building. At that time, Curtiss estimated that it would take between two and three years to complete the project. The total contract price for construction of the building is $4,600,000. The building was completed on December 31, 2023. Estimated percentage of completion, accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Axelrod under the contract were as follows: At 12-31-2021 At 12-31-2022 At 12-31-2023 Percentage of completion 10 % 60 % 100 % Costs incurred to date $ 369,000 $ 2,940,000 $ 4,960,000 Estimated costs to complete 3,321,000 1,960,000 0 Billings to Axelrod, to date 730,000 2,370,000 4,600,000 Required: 1. Compute gross profit or loss to be recognized as a result of this contract for each of the three years. Curtiss concludes that the contract does not qualify for revenue recognition over time. 2. Assuming Curtiss recognizes revenue over time according to percentage of completion, compute gross profit or loss to be recognized in each of the three years. 3. Assuming Curtiss recognizes revenue over time according to percentage of completion, compute the amount to be shown in the balance sheet at the end of 2021 and 2022 as either cost in excess of billings or billings in excess of costs.

Complete this question by entering your answers in the tabs below.

• Req 1 and 2
• Req 3

1. Compute gross profit or loss to be recognized as a result of this contract for each of the three years. Curtiss concludes that the contract does not qualify for revenue recognition over time. 2. Assuming Curtiss recognizes revenue over time according to percentage of completion, compute gross profit or loss to be recognized in each of the three years. (Leave no cells blank - be certain to enter "0" wherever required. Loss amounts should be indicated with a minus sign.)

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There are 4 parts to this assignment. Your answers to each of these parts must be hand-written (preferably in pen) and include a diagram or diagrams and any calculations similar to the hand-written examples.

1. One bank company determines the number of ATM machines they put in their branches based on the percentage of their customers who would use their machines. Currently one of their branches has 1 ATM machine and they will only put in another machine if the percentage of their customers using their existing machine is greater than 35%. A random sample of 120 customers entering this branch revealed that 48 used its ATM machine. At the .10 level of significance can this bank conclude that more than 35% of all its customers use the machine? Should they put in another machine?

2. Do Windsorites like their fried chicken to be spicy or not spicy? Currently, a restaurant which specializes in fried chicken only makes non-spicy chicken. It is now considering offering spicy chicken to its customers but, only if it can be convinced that more than 30% of its chicken eating customers would prefer spicy chicken. Over a one-week period, it prepared non-spicy chicken and a limited amount of spicy chicken in order to conduct an experiment. During this period of its offer, it randomly selected 60 of its chicken ordering customers and gave them pieces of both spicy and non-spicy chicken at no cost. Twenty-seven of these randomly selected customers stated that they preferred the spicy chicken. At the .01 level of significance, should the restaurant start offering spicy chicken to its customers?

To answer all of the above questions:

• state the two hypotheses
• calculate the value of the test statistic, z
• calculate the p-value of this test (diagram needed for p-value)
• determine the critical value of z (diagram needed)
• compare the value of z with the critical value of z and compare the p-value with α and state whether or not the null hypothesis should be rejected and write a concluding statement (diagram needed [critical value of z/rejection region])

Note: Please hand written and draw a box around the final answer, Thank you.

Evaluate your model using all factors outlined in the text. Assumptions, conditions, fit, outliers, etc.

Then explain your answer in words. Create a linear regression model that has 2 or 3 independent variables. Your choice of models…your choice of variables.

A1 Tim is a wedding planner. Looking at the data he has accessed, he is trying to simplify a model for how much a wedding will cost. Use the data to create a model with 2 or 3 Independent Variables, to predict Wedding Cost (dependent variable.) Evaluate your model using all factors outlined in the text.

Post the total amounts from the journal in the following general ledger accounts and in the accounts receivable subsidiary ledger accounts for Paula Kohr, Page Alistair, and Nic Nelson.

[The following information applies to the questions displayed below.]

Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30).

Calculate the 5-day and 50-day simple MA for the stock price from 28 Oct 2016 to 14 June 2017. Plot the MA5 and MA50. How many golden crosses (if any) are there?

A local juice manufacturer distributes juice in bottles labeled 12 ounces. A government agency thinks that the company is cheating its customers. The agency selects 20 of these bottles, measures their contents, and obtains a sample mean of 11.7 ounces with a standard deviation of 0.7 ounce

Use a 5% level of significance

The ledger of Althukair Company includes the following accounts. Explain why each account may require adjustment. (a) Prepaid Insurance. (b) Depreciation Expense. (c) Unearned Service Revenue. (d) Interest Payable.

Describe how Airbnb company can make extra revenue from value added services rather than relying on fixed commission from host and guest ( 300-500 words no plagiarized content)

Carrington would invest in software and some hardware upgrades that will allow them to better analyze the traffic coming in to their website. Total acquisition costs for this option are estimated to be $400,000. This improved analytics capability is expected to lead to increased revenue of $80,000 in year 1, $120,000 in year 2, $250,000 in year 3, $350,000 in year 4, and $500,000 in year 5. The estimated cost of this obtaining this revenue will be 20% per revenue dollar related to sales staff that will analyze this data and use it to generate new client relationships. Carrington will also incur fixed cost of $10,000 per year related to software updates and hardware maintenance. Carrington will set aside $250,000 in working capital for this project and this capital will be recovered at the end of 5 yrs. The salvage value of the new equipment will be $9,000 at the end of 5 yrs. Carrington uses a 10% hurdle rate to evaluate all projects, Acquisition costs qualify for modified accelerated depreciation of 50,30, and 20% in the first three yrs, Being profitable company income would be taxed at Carrington's tax rate of 30%, and all dollar values referenced in this case are in nominal dollars so for analysis ignore the effect of inflation. This option has five year useful life.

1. Calculate the payback period, internal rate of return, and NPV.

2. The data analytics program pays off a lot faster than expected. Revenue is projected to be $200,000 in yr 1, $250,000 in yr 2, $250,000 in yr 3, $300,000 in yr4, and $300,000 in yr 5.

3. The data analytics program pays off slower than expected. Revenue is projected to be $20,000 in yr 1,$80,000 in yr 2, $200,000 in yr 3, $500,000 in yr 4, and $500,000 in Year 5.

4.A great tax plan. Congress is proposing a new corporate tax plan that reduces the federal tax rate that Carrington pays from 30% to 20%. However, this tax plan would also do away with MACRS and replace it with straight line depreciation for tax purposes ( over 5 yrs).

a. Using the original estimates for your designated option, estimate the effect of this tax plan on NPV.

b. Next, given the uncertainty related to the effect of the proposed tax plan on future business, use a 14% hurdle rate instead of the 10% hurdle rate used before in estimating the effect of the plan (i.e just redo 4A).

5. What are some qualitative concerns related to accepting this designated option. Discuss and list at least 2. Provide why each would be considered an advantage or disadvantage.