subject
Business, 15.07.2020 03:01 sarah19Nursing

Blue Construction Company began work on a $925,000 construction contract in 2017. During 2017, Blue incurred costs of $342,000, billed its customer for $263,000, and collected $183,000. At December 31, 2017, the estimated future costs to complete the project total $634,000. Prepare Archer’s journal entry to record profit or loss, if any, using (a) the percentage-of-completion method and (b) the completed-contract method

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 13:30
If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?
Answers: 2
question
Business, 22.06.2019 15:40
Acompany manufactures x units of product a and y units of product b, on two machines, i and ii. it has been determined that the company will realize a profit of $3 on each unit of product a and $4 on each unit of product b. to manufacture a unit of product a requires 7 min on machine i and 5 min on machine ii. to manufacture a unit of product b requires 8 min on mchine i and 5 min on machine ii. there are 175 min available on machine i and 125 min available on machine ii in each work shift. how many units of a product should be produced in each shift to maximize the company's profit p?
Answers: 2
question
Business, 23.06.2019 00:00
Match each economic concept with the scenarios that illustrates it
Answers: 2
question
Business, 23.06.2019 01:30
You need $87,000 in 12 years. required: if you can earn .54 percent per month, how much will you have to deposit today?
Answers: 2
You know the right answer?
Blue Construction Company began work on a $925,000 construction contract in 2017. During 2017, Blue...
Questions
question
Mathematics, 08.01.2021 16:20
question
Mathematics, 08.01.2021 16:20
question
Social Studies, 08.01.2021 16:20