Waterway Corp. enters into a contract with a customer to build an apartment building for $1,046,900. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $148,500 to be paid if the building is ready for rental beginning August 1, 2018. The bonus is reduced by $49,500 each week that completion is delayed. Waterway commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:Completed by ProbabilityAugust 1, 2018 70 %August 8, 2018 20 August 15, 2018 4 After August 15, 2018 6 (a) Determine the transaction price for the contract, assuming Waterway is only able to estimate whether the building can be completed by August 1, 2018, or not (Waterway estimates that there is a 70% chance that the building will be completed by August 1, 2018). (If answer is 0, please enter 0. Do not leave any fields blank.)Transaction Price __________ $(b) Determine the transaction price for the contract, assuming Waterway has limited information with which to develop a reliable estimate of completion by the August 1, 2018, deadline. (If answer is 0, please enter 0. Do not leave any fields blank.)Transaction Price ___________ $

Answers

Answer 1

Answer:

A. $1,195,400

B. $1,172,630

Explanation:

A. Calculation to Determine the transaction price for the contract

Transaction price=$1,046,900+$148,500

Transaction price=$1,195,400

Therefore the transaction price for the contract will be $1,195,400

B . Calculation to determine the transaction price for the contract.

First step is to Calculate the probabilities

August 1, 2018=$148,500*.7

August 1, 2018=$103,950

August 8, 2018=$99,000*.2

($148,500-$49,500)

August 8, 2018=$19,800

August 15, 2018=$49,500*.04

August 15, 2018=$1,980

August 15, 2018=$0*.06

August 15, 2018=0

Now let calculate the Transaction price

Total transaction price =$1,046,900+$103,950+$19,800+$1,980

Total transaction price =$1,172,630

Therefore The Total transaction price will be $1,172,630


Related Questions

provide a defination of GAAP​

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Answer:

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gaap व्याख्या प्रदान

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Generally accepted accounting principles, or GAAP, are a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices.

Generally accepted accounting principles (GAAP) refer to a common set of accounting principles, standards, and procedures issued by the Financial Accounting Standards Board (FASB). Public companies in the United States must follow GAAP when their accountants compile their financial statements.

Briefly explain the term Gross Domestic product​

Answers

Answer:

Explanation:

Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.


1. what you have noticed on the posted materials in
What manner did the advertisers promote their producter?​

Answers

Answer:

Explanation:

Advertising is the lure that draws new customers to your business or product. Small businesses utilize several options to advertise a product or service. ... that receive heavy traffic is one way to get the word out about your business. ... venue with a stamp that bears your company logo; the attendees will then have your logo ...

The debt-GDP ratio: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices rises whenever the debt rises. is not as accurate in assessing the ability of governments to pay their debts as examining the percentage dollar/euro increase or decrease to the debt. measures government debt relative to gross domestic product minus imports and exports. measures government debt relative to the potential ability of the government to collect taxes to cover that debt

Answers

Answer:

rises whenever the debt rises

Explanation:

The Debt to GDP ratio is a financial metric that compares the debt of a country to its GDP It measures the ability of a country to repay its debt using its GDP

Debt is the total money a country owes to its lenders

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Debt to GDP ratio = total debt of country / total GDP of a country

If total debt = $50 million and total GDP = 100 million

Debt GDP ratio = $50 million / $100 million = 0.5

the higher Debt is, the higher the ratio. The lower debt is, the lower the ratio

Stansbury Company determined its December 31, 2015 inventory to be $1,000,000 based on a physical count priced at cost. Additional information for the company is as follows: Merchandise costing $90,000 was shipped FOB shipping point from a vendor on December 30, 2015. This merchandise was received and recorded on January 5, 2016. Goods costing $120,000 were staged on the shipping dock and excluded from inventory although shipment was not made until January 4, 2016. The goods were billed to the customer FOB shipping point on December 30, 2015. What is Stansbury's ending inventory for its December 31, 2015 balance sheet

Answers

Answer:

$1,210,000

Explanation:

Calculation to determine Stansbury's ending inventory for its December 31, 2015 balance sheet

December 31, 2015 inventory to be $1,000,000

Add Merchandise costing $90,000

Add Goods costing $120,000

Ending Inventory $1,210,000

($1,000,000+$90,000+$120,000)

Therefore Stansbury's ending inventory for its December 31, 2015 balance sheet will be $1,210,000

Grace has an annual salary of $50,000 while Jorge has an annual salary of $30,000. However, Jorge is actually the “wealthier” person. Explain how this can be the case.

Answers

I dont know.

...........

John buys a used car for $5,400 and spends $600 on new parts, made in the U.S., to fix the car. The end result of these two transactions isa. U.S. consumption purchases increase by $5,400 and U.S. GDP increases by $5,400.b. U.S. consumption purchases increase by $6,000 and U.S. GDP increases by $6,000.c. U.S. consumption purchases increase by $600 and U.S. GDP increases by $600.d. U.S. consumption purchases increase by $600 and U.S. GDP increases by $6,000.

Answers

Answer:

C

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.  

Items not included in the calculation off GDP includes:  

1. services not rendered to oneself

2. Activities not reported to the government  

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

Consumers benefit from a free ride when they receive goods or services
A. at a reduced rate
B. without paying for them
C. instead of a government loan
D. in exchange for community service

Answers

I’m pretty sure it would be option b!

Answer:

I think the answer is B

Explanation:

McCoppin Industries has three employees: Dean, Annie and Kent. Dean works entirely in State A and was paid a salary of $130,000 plus a $30,000 bonus. Annie works entirely in State B and was paid a salary of $50,000. Kent works 60% of the time in State A and 40% of the time in State B and was paid $100,000 in commissions. Calculate McCoppin's payroll factor for State A

Answers

Answer:

All of Dean's compensation must be included in State A = $130,000 + $30,000 = $160,000

None of Annie's compensation is included in State B = $0

Kent's compensation is also included in State A since the majority of hiss ales are carried out there = $100,000

total payroll allocated to State A = $260,000

payroll factor = $260,000 / ($260,000 + $50,000) = 83.87% = 84%

(a) What kinds of financial assets are traded in capital markets? (b) How are these different from the financial assets traded in money markets?

Answers

Answer: See explanation

Explanation:

Capital market is a market where securities are being sold such as stocks, bonds etc. The financial assets traded in capital markets are usually bonds, and stocks.

On the other hand, money market refers to the market where short term debt investments are traded. The financial assets traded include promissory notes, treasury bills, commercial papers, certificates of deposit, etc.

Considering the financial analysis, the kinds of financial assets traded in capital markets include bonds and stocks.

The stocks are known to be a form of shares in the ownership of a business or company.

On the other hand, bonds are the debt that the issuing entity pledges to repay at an agreed date.

The capital market is different from the financial assets traded in money markets because the Capital market is riskier and of long term assets. In contrast, money markets are less riskier, and they are short-term assets.

Financial assets that are traded in the money market include the following:

Treasury bills, Certificates of deposit,Commercial paper, Federal funds, Bills of exchange, etc.

Hence, in this case, it is concluded that the capital market is different from financial assets in many ways.

Learn more about the capital market here: https://brainly.com/question/21863998

Why is it virtually important to understand the fees your bank may charge on your checking account

Answers

Answer:

Explanation:

When a bank lends you money, it charges interest on the loan. When you open a deposit account, such as a checking or savings account, there are fees for that as well.  It's important to know all the fees your bank charges, as well as how to reduce or eliminate as many of them as possible.

Each of the following is a reward of entrepreneurship EXCEPT:
A shorter work day
B. bringing ideas to life
C higher earnings potential
D. feeling of accomplishment

Answers

Answer:

higher earning potential.

.

.

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Answers

Answer: This looks really interesting

Explanation:

At any given time, the group of people age 16 years and older who are willing and able to work is known as
the
A discouraged workers
B. unemployed
C. population
D labor force

Answers

Answer:

d. labor force

Explanation:

thanks to the lad in the comments

Answer:

labor force

Explanation:

I want to become either a rapper or an artist in arts. how do i follow my dream.

Answers

Answer:

tottally do it

Explanation:

Answer:

practice practice practice

Explanation:

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Which person BEST exemplifies an entrepreneur? Mark is known as the profit maker in the firm where he is employed Mary embraces change and innovates to meet customer demands Maurice thinks about how t make money Monty is a top level manager in a successful company

Answers

Answer:

Mary

Explanation:

An entrepreneur is a person who has a creative and innovative vision to turn an idea into a profitable business. Therefore, when analyzing the profiles of the people above, Mary is considered to have a greater entrepreneurial profile, because in addition to being a person who thinks about creating profits or making money, she has the skills to be innovative and adapt to change, with the focus on meeting customer demands.

A successful entrepreneur needs to have the ability to adapt to a constantly changing market and consumer trends to always satisfy consumers and differentiate themselves from the competition.

Someone help me find 2161965 please.

Answers

Wym? is that an account or are you asking a math question?

Match the following.

1 .
probate
a person who has died
2 .
intestacy
directs medical personnel to withhold or withdraw “heroic measures” or life-support
3 .
beneficiaries
a document that states the decedents wishes for the distribution of his/her assets
4 .
decedent
a document that gives legal rights to a designated person to handle your financial affairs and make and manage your health care decisions in the event that you can no longer do so
5 .
will
formal permission from a constituted authority to do a specific thing
6 .
living will
a contract renting land, property to another for a specified period of time and payment
7 .
durable power of attorney
persons designated as the recipients of funds or other property under a will, trust, insurance policy, etc.
8 .
lease
the state of having not made a will at death
9 .
license
an instrument for measuring distances traveled by an automobile
10 .
odometer
the official proving of a will as authentic or valid in a court

Answers

Answer:

Explanation:

1. Decedent: a person who has died

2. Living will: directs medical personnel to withhold or withdraw “heroic measures” or life-support.

3. Will: a document that states the decedents wishes for the distribution of his/her assets

4. Durable power of attorney: a document that gives legal rights to a designated person to handle your financial affairs and make and manage your health care decisions in the event that you can no longer do so.

5. License: formal permission from a constituted authority to do a specific thing.

6. Lease: a contract renting land, property to another for a specified period of time and payment

7. Beneficiaries: persons designated as the recipients of funds or other property under a will, trust, insurance policy, etc.

8. Instetacy: the state of having not made a will at death

9. Odometer: an instrument for measuring distances traveled by an automobile

10. Probate: the official proving of a will as authentic or valid in a court

What are the job roles on offer in the picture?

Will be grateful for any replies, thanks!​

Answers

Answer:developer and a program assistant

Explanation:

The treasurer of Systems Company has accumulated the following budget information for the first two months of the coming year:March AprilSales. $450,000 $520,000Manufacturing costs 290,000 350,000Selling and administrative expenses 41,400 46,400Capital additions 250,000 ---The company expects to sell about 35% of its merchandise for cash. Of sales on account, 80% are expected to be collected in full in the month of the sale and the remainder in the month following the sale. One-fourth of the manufacturing costs are expected to be paid in the month in which they are incurred and the other three-fourths in the following month. Depreciation, insurance, and property taxes represent $6,400 of the probable monthly selling and administrative expenses. Insurance is paid in February and a $40,000 installment on income taxes is expected to be paid in April. Of the remainder of the selling and administrative expenses, one-half are expected to be paid in the month in which they are incurred and the balance in the following month. Capital additions of $250,000 are expected to be paid in March.Current assets as of March 1 are composed of cash of $45,000 and accounts receivable of $51,000. Current liabilities as of March 1 are composed of accounts payable of $121,500 ($102,000 for materials purchases and $19,500 for operating expenses). Management desires to maintain a minimum cash balance of $20,000.Prepare a monthly cash budget for March and April.

Answers

Answer:

March $6,000

April $134,400

Explanation:

Preparation of a monthly cash budget for March and April

SYSTEMS COMPANY CASH BUDGET FOR MARCH AND APRIL

March April

Estimated cash receipts from:

Cash sales $157,500 $182,000

($450,000*35%=$157,500)

($520,000*35%=$182,000)

Collections of accounts receivable

$285,000 $328,900

[$51,000+($450,000*65%*80%)=$285,000]

[($450,000*65%*20)+($520,000*65%*80%)=$328,900]

Total cash receipts $442,500 $510,900

($157,500+$285,000=$442,500)

($182,000+$328,900=$510,900)

Estimated cash payments for:

Manufacturing costs $174,500 $305,000

[$102,000+($290,000*1/4)=$174,500]

[($290,000*3/4)+($350,000*1/4=$305,000)]

Selling and administrative expenses $37,000 $37,500

[($41,400-$6,400)/2 + $19,500 $37,000]

[($46,400-$6,400)/2 +$19,500$37,500]

Capital additions $250,000 $0

Income taxes $0 $40,000

Total cash payments $461,500 $382,500

Cash increase (decrease) -$19,000 $128,400

($442,500-$461,500=-$19,000)

($510,900-$382,500=$128,400)

Cash balance at beginning of month $45,000 $26,000

Cash balance at end of month $26,000 $154,400

(-$19,000+$45,000=$26,000)

($128,400+$26,000=$154,400)

Minimum cash balance $20,000 $20,000

Excess (deficiency) $6,000 $134,400

($26,000-$20,000=$6,000)

($154,400-$20,000=$134,400)

Therefore The monthly cash budget for March and April will be :

March $6,000

April $134,400

Which of the following marketing jobs is most likely to require strong
analysis, organization, and communication skills?
A. Sales representative
B. Public relations specialist
C. Marketing research analythm
D. Social media manager​

Answers

Answer: C: Marketing research analythm

Explanation: Market research analysts gather and analyze data on consumers and competitors.

The following marketing jobs that are most likely to require strong analysis, organization, and communication skills is Marketing research analythm. The correct option is c.

What is a marketing research analyst?

Marketing research analysts gather and analyze data on consumers and competitors. Market research analysts study consumer preferences, business conditions, and other factors to assess potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.

Market research analysts sometimes called market researchers help companies develop or maintain a competitive edge by finding and delivering data-backed insights into potential markets, competitors, and even customer behavior. They’re an integral part of a company’s overall marketing strategy and in-demand across multiple industries.

Market research analysts pore over trending keywords, survey responses, social media mentions, and other data to find answers. In essence, they transform information into actionable insights that will help companies develop everything from competitive product launches to effective marketing campaigns.  

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Frames assist people in making sense of communication by drawing attention to:
- A - how they should be communicating
- B - how they should expect others to communicate
- both A and B
- none of the above

Answers

Answer:

both A and B

Explanation:

Answer:

A.

Explanation:

1. On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 8% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?

A. $217,245.21

B. $187,518.64

C. $46,789.33

D. $312.589.66

E. $98,514.57

F. $209,987.33

2. On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 10% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?

A. $452,592.56

B. $278,582.56

C. $427,986.56

D. $438,478.56

E. $397,567.56

F. $301,578.66

3. Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9% over the next 30 years. How much will she have at the end of the 30 years?

A. $689,364.25

B. $254,369.25

C. $674,689.33

D. 356,543.89

E. $701,055.34

F. $722,066.88

4. Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9%, and is investing over the term of 40 years. How much will she have at the end of the 40 years?

A. 1,238,547.66

B. 1.788,398.13

C. 1,897,384.66

D. 1,254,642.98

E. 2,121,361.87

5. Randolph has $20,000. He invests his money and expects to earn 9% on the investment. Approximately how many years will it take for his investment to become $80,000? Use the rule of 72 to figure this out.

A. 8

B. 12

C. 18

D. 30

E. 24

F. 16

6. Use the rule of 72 to determine the following investment result. Amaya has $10,000. She expects to earn 7.2% on her investments portfolio. How long will it take forher investment to double?

A. 10 years

B. 9 years

C. 8 years

D. 7 years

E. 11 years

F. 7.2 years

7. Which of the following inestments would be considered the most liquid?

A. A standard savings account

B. Real Estate

C. A one year CD

D. A 401k

8. Which type of account would most financial advisors prefer for you to keep your reserve fund? Choose the best answer.

A. 529


B. 403b


C. checking account


D. savings account

E. 401k

9. Jair invested his money and earned 12% over the last year. Over the same duration, the inflation rate was 4%. What is his real rate of return.

A. 4%

B. 8%

C. 12%

D. 16%

10. Makeria bought an investment for $300 and sold it two years later for $360. What was her ROI in Dollars?

A. $60

B. 0.20

C. $300

D. $360

11. Makeria bought an investment for $300. Two years later she sold it for $360, what was her total ROI as a percentage?

A. 20%

B. 10%

C. 360%

D. 300%

12. Makeria Invested $300 and then sold her investment 2 years late for a total of $360. What was her average annual ROI? (choose the closest answer)

A. 20%

B. 10%

C. 360%

D. 300%

Answers

Answer: E

$98,514

Explanation:

answer:

i believe the answer would be answer choice b

(i'm sorry i could only figure out the first one)

i used smart asset (you should look into it)

i wish you the best of luck, hopefully this helps :)

have a great day !!

is the object speeding up?​

Answers

can you finish the question please

Which of the following is not one of the risk categories
A:Practical
B:controllable
C:Pure
D:Speculative

Answers

Answer:

pretty sure controllable bc controllable isn't a risk. ( I've I had brainliest could u pls give me it ???)

John Deere is a manufacturer of agriculture equipment. Deere supplies replacement parts to dealerships across the globe. John Deere has begun utilizing technology so it can identify the geographic location of the parts. This information is available to dealerships and is especially useful in reducing equipment downtime. Agriculture equipment owners can have their machines repaired with replacement parts in a shorter amount of time than before the use of the tracking technology. This is an example of a phenomenon referred to as the _______.

Answers

Answer: Internet of Things

Explanation:

The above scenario explained in the question shows that John is utilizing the Internet of Things.

Internet of Things (IoT) simply refers to the internet-connected objects which can be used to gather data over a wireless network and also transfer them.

The Internet of things is vital in this case as it helps to to have devices that self report in real-time, and improving efficiency.

How much is the peso mark-up if the selling price is P15 and the purchase cost is P10.00?

Answers

Answer:

Simply take the sales price minus the unit cost, and divide that number by the unit cost. Then, multiply by 100 to determine the markup percentage. For example, if your product costs $50 to make and the selling price is $75, then the markup percentage would be 50%: ( $75 – $50) / $50 = . 50 x 100 = 50%.

Explanation:

Consider the following goal: "I'm going to earn $10,000 this month, working part
time at the fast food restaurant (up from $234 last month).” Why would this NOT be
considered a SMART goal?
a) It is not specific
b) It is not measurable
c) It is not attainable
d) It is not time-bound

Answers

this isn’t considered a smart goal because it’s not attainable (C) since you can’t make 10,000 a month at a fast food restaurant, even more so when you’re working first time. So the answer is C

According to the video, where do most Commercial Artists work?

in an office or studio
in a warehouse or factory
in a school
in a gallery

Answers

In an office or studio hope this helps

Answer:

A.

Explanation:

Edge 2023

Which of the following terms describes the type of marketing information
system that supports personal-selling activities such as prospecting and
account maintenance?
A. Inventory control
B. Database marketing
C. Marketing mix monitoring
D. Customer relationship management

Answers

Answer:

Customer relationship management

Explanation:

The terms that describe the type of marketing information system that supports personal-selling activities such as prospecting and account maintenance is Customer relationship management. Thus, option D is correct.

What is Customer relationship management?

Customer relationship management (CRM) is a system that allows you to manage all of your company's relationships and interactions with current and prospective customers. The purpose is straightforward: to strengthen commercial ties. A CRM system assists businesses in staying connected to customers, streamlining procedures, and increasing profitability.

Customer relationship management is the phrase used to define the sort of marketing system that facilitates personal-selling operations like prospecting and account maintenance. As a result, option D is correct.

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Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea?yes no Help me pls wdadsada A type of farming in which families rent small plots of land from a landowner in return for a portion of their crop, to be given to the landowner at the end of each year. Slavery Slavery Sharecropping Sharecropping Subsistence Farming Subsistence Farming Ranching Ranching What is the greatest common factor of 24 and 6?A. 6B. 4C. 2D. 3PLZ HELP ASAP Can I change the language because I just speak German; in a dam , snails are eaten by carp that are eaten by bass . There are bulrushes and water lilies growing on the dam , on which snails and worms feed . the worms are eaten by the carp and there are leeches that eat the snails need help pls will mark brainliest Why does Benvolio think that Romeo should attendCapulet's party? Check all that apply.A beBenvolio: At this same ancient feast of Capulet's,Sups the fair Rosaline, whom thou so lov'st,With all the admired beauties of Verona:Go thither; and, with unattainted eyeCompare her face with some that I shall show,And I will make thee think thy swan a crow.-Romeo and Juliet,William ShakespeareRomeo will see Rosaline differently.Romeo will change Rosaline's mind.Romeo will see all the prettiest girls.Romeo will get over Rosaline.Romeo will make peace with Capulet. What is a function of a nuclear pore Giving brainliest!! if you answer correctly :) (10pts) Which expression is equivalent to 16 + 2 36? There are 224 gallons of water in 16 tanks.Find the number of gallons of water per tank Skin sensations includeA.light touch, pressure, wetness, cold, and warmth.B. wetness, pressure, pain, cold, and warmth.C. light touch, wetness, pain, cold, and warmth.D. light touch, pressure, cold, warmth, and pain. Carly had some markers. After she bought 16 more, she had 40 markers. Howmany markers did Carly start with? Connie deposits $30 into an account. The value of the account, in dollars, can be modeled as V (t) = 30(1.05), where t is the time, in years, since opening the account.To the nearest cent, what is the average rate of change in the value of the account for the first 3 years?A$0.63/year1.B$1.58/yearle:wi...mmyb...$3.15/yearD$4.73/year The earth is __blank__This trend most closely follows trends in the Earth's __blank__ Within the Earth's __blank__the component that is likely most responsible __blank__ find the value of given expression[tex] \sqrt{899 + 1} [/tex] 3. Write an equation of a line with a slope of-2 and that passes through the point (-7,13). Work out m and c for the line:y = x + 6 What would be an example of logos? 1 ) statistics2) trustworthyness3) honesty4) emotional language