In 2018, long construction corporation began construction work under a three-year contract. the contract price is $3,300,000. long recognizes revenue over time according to percentage of completion for financial reporting purposes. the financial statement presentation relating to this contract at december 31, 2018, is as follows: balance sheet accounts receivable (from construction progress billings) $ 47,000 construction in progress $ 330,000 less: billings on construction contract (319,000 ) cost and profit of uncompleted contracts in excess of billings 11,000 income statement income (before tax) on the contract recognized in 2018 $ 37,000 required:

1. what was the cost of construction actually incurred in 2018?

2. how much cash was collected in 2018 on this contract?

3. what was the estimated cost to complete as of the end of 2018? 4. what was the estimated percentage of completion used to calculate revenue in 2018?

The beach dude (bd) employs a legion of current and former surfers as salespeople who push its surfing-oriented products to various customers (usually retail outlets). this case describes bd's sales and collection process. each bd salesperson works with a specific group of customers throughout the year. in fact, they often surf with their customers to try out the latest surf gear. the bd salespeople act laid-back, but they work hard for their sales. each sale often involves hours of surfing with their customers while the customers sample all the latest surf wear. because bd makes the best surfing products, the customers look forward to the visits from the bd salespeople. and they often buy a lot of gear. each sale is identified by a unique invoice number and usually involves many different products. customers pay for each sale in full within 30 days, but they can combine payments for multiple sales. bd manages its clothing inventory by item (e.g., xl bd surfer logo t-shirts), identified by product number, but it also classifies the items by clothing line (the lines are differentiated by price points as well as the intended use of the clothing, e.g., surfing products, casual wear, . draw a uml class diagram that describes the beach dudes sales and collection process.b. using microsoft access, implement a relational database from your uml class diagram. identify at least three fields per table.c. describe how you would use the relational database to determine the beach dude’s accounts receivable.

The simple interest in a loan of $200 at 10 percent interest per year is

Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.