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shutvik
2 months ago
5

Conrad Construction Corp. has a $20 million contract to construct a building. The company estimates gross profit of $4 million.

During the current year, the company incurred $2 million of costs on the contract. Under the percentage-of-completion method, how much will Conrad Construction Corp. report as revenue in the current year?
Business
1 answer:
stepan [3.5K]2 months ago
4 0

Answer:

$2.5 millones

Explanation:

La construcción de Conrad ha estimado sus costos totales en $16 millones y un beneficio bruto de $4 millones (25% de los costos incurridos).

Si la empresa ha tenido costos de $2 millones durante este año, puede prever su beneficio bruto en $500,000.

Por lo tanto, los ingresos totales que debe informar para el año son $2.5 millones (= $2 millones + $0.5 millones)

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Reyes Corporation applies overhead using an actual costing approach. Budgeted factory overhead was $266,400, budgeted machine-ho
Nady [3600]

Response:

Allocated MOH= $274,320

Clarification:

Providing the following details:

The budgeted factory overhead was $266,400, while the expected machine-hours amounted to 18,500. The actual machine-hours totaled 19,050.

Initially, we must determine the estimated rate for manufacturing overhead. We can then allocate the overhead accordingly.

To find the estimated overhead rate for manufacturing, we should employ the following equation:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 266,400/18,500= $14.4 per machine-hour.

Now we can proceed to allocate the overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 14.4*19,050= $274,320

8 0
2 months ago
Read 2 more answers
Access to sensitive or restricted information is controlled' describes which of the key communications and information systems p
Mariulka [3825]

Controlling access to sensitive or restricted information falls under the C. Security principle among the key communications and information systems concepts.

Additional details

NIMS Communications and Information Management involves sustaining situational awareness through a steady exchange of information.

Communication systems must possess Interoperability (ability to communicate across different agencies), Reliability (functional during emergencies), Scalability (effective on various incident sizes), Portability (based on uniform radio tech and protocols), Resilience (capable of operating despite infrastructure damage), Redundancy (alternative communication options if primary systems fail), and Security (safeguarding sensitive or classified data from unauthorized access).

Regarding Security, voice communications, data, networks, and systems require appropriate protection to regulate access to sensitive or restricted content since some incident details are confidential. Moreover, incident communication and data sharing must comply with privacy and data protection laws. For instance, law enforcement may handle sensitive personal or classified data, which needs safeguarding compliant with relevant legal requirements.

Additional resources

  1. Explore further on key communications and information systems principles at brainly.com/question/11863265

Details

Grade: 9

Subject: Business

Chapter: NIMS Communications and Information Management

Keywords: key communications and information systems principle

7 0
3 months ago
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Delta cabinets has 13,000 shares of stock outstanding at a market price of $19 a share. the earnings per share are $1.34. the fi
Katen [3525]

After the dividend, the company's:

a. book value per share will become $6.31.

b. price-earnings ratio will adjust to 13.88.

c. shareholder value per share will amount to $18.60.

d. stock price will be $19.00.

e. earnings per share will equal $.94.

The result is: b

To determine the ex-dividend price per share on the day the dividend is distributed, we follow this method:

Ex-dividend Price = Share price before dividend - dividend amount per share

Ex-dividend price = $18.6 ($19 - $0.40)

Using this ex-dividend price, we can calculate the P/E ratio after the dividend.

P/E = $18.6/$1.34 = 13.88059

8 0
2 months ago
You work in the marketing research department of Burger King. Burger King has developed a new cooking process that makes the ham
marusya05 [3725]

Answer with its Explanation:

The initial step is to ensure a diverse sample size that incorporates individuals from various cultures, geographic locations, religions, genders, and more, aiding in the optimal assessment of the product's market viability.

The second step involves determining a sample size to gather customer feedback within the required confidence interval that Burger King aims for. For instance, if Burger King targets a 93% customer satisfaction rate, the acceptable error margin can be established using the confidence interval. This sample size will be derived using a practical methodology.

The third step ensures that prediction errors remain reasonably low by implementing a practical method, confidence interval strategy, and diverse test samples. Altogether, this will provide the company with reliable data for informed decision-making.

8 0
2 months ago
Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total asset
Nady [3600]

Answer:

40%

Explanation:

Total assets. $240,000

Less total liabilities ($130,000)

$110,000

Less common stock ($24,000)

Retained earnings at end $86,0000

Less Retained earnings at the beginning ($29,000)

Addition to retained earnings $57,000

Add dividends $6,400

Net profit earned $63,400

Add expenses $94,000

Revenue. $157,400

Therefore, company's net profit margin expressed as a percentage = Net profit earned / Revenue

= (63,400/157,400) × 100

[[TAG_37]]= 40%[[TAG_38]]
6 0
1 month ago
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