subject
Business, 11.12.2019 21:31 miracle9704

Flounder, inc. began work on a $7,583,000 contract in 2017 to construct an office building. flounder uses the completed-contract method. at december 31, 2017, the balances in certain accounts were construction in process $1,577,000, accounts receivable $230,000, and billings on construction in process $937,000. indicate how these accounts would be reported in flounder’s december 31, 2017, balance sheet.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 00:30
Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150
Answers: 1
question
Business, 22.06.2019 05:00
Every 10 years, the federal government sponsors a national survey of health and health practices (nhanes). one question in the survey asks participants to rate their overall health using a 5-point rating scale. what is the scale of measurement used for this question? ratio ordinal interval nominal
Answers: 1
question
Business, 22.06.2019 10:40
At cooly cola, we are testing the appeal of our new diet one cola. in a taste test of 250 randomly chosen cola drinkers, 200 consumers preferred diet one cola to the leading brand. assuming that the sample were large enough, the large-sample 95% confidence interval for the population proportion of cola drinkers that prefer diet one cola would be:
Answers: 1
question
Business, 22.06.2019 13:40
Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.
Answers: 1
You know the right answer?
Flounder, inc. began work on a $7,583,000 contract in 2017 to construct an office building. flounder...
Questions
question
Mathematics, 06.11.2021 06:00
question
History, 06.11.2021 06:00
Questions on the website: 13722360