On Oct. 1, 20x1, ABC Co. enters into a construction contract with a customer. The performance obligation in the contract will be satisfied over time. ABC Co. uses the "cost-to-cost" method in measuring its progress. The estimated total contract cost is P1OM. In 20x1, ABC Co. incurred a total cost of P6M, which includes P2M advance payment to a subcontractor (the subcontracted work is not yet started) and P200,000 cost of materials not yet installed. ABC Co. does not regard the cost of the unused materials as significant in relation to the expected total contract costs. Moreover, ABC Co. retains control over the unused materials because it can use them in a contract with another customer. The contract price is P20M. How much is the revenue recognized in 20x1? 7,600,000 12,000,000 8,200,000 11,600,000

On Oct. 1, 20x1, ABC Co. enters into a construction contract with a customer. The performance obligation in the contract will be satisfied over time. ABC Co. uses the "cost-to-cost" method in measuring its progress. The estimated total contract cost is P1OM. In 20x1, ABC Co. incurred a total cost of P6M, which includes P2M advance payment to a subcontractor (the subcontracted work is not yet started) and P200,000 cost of materials not yet installed. ABC Co. does not regard the cost of the unused materials as significant in relation to the expected total contract costs. Moreover, ABC Co. retains control over the unused materials because it can use them in a contract with another customer. The contract price is P20M. How much is the revenue recognized in 20x1? 7,600,000 12,000,000 8,200,000 11,600,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A firm which uses its WACC for average-risk projects adds and subtracts 3 percentage points for above-average and below-average risk projects, respectively. If its WACC is 8%, which of the following projects should be accepted and why? Project 1: E(r)= 9%; Riskiness: Average; Project 2: E(r)= 9% ; Riskiness: Above Average; Project 3: E(r)= 11%; Riskiness: Average; Project 4: E(r)= 5%; Riskiness: Below Average; Project 5: E(r)= 8%; Riskiness: Below Average; Project 6: E(r)= 10%; Riskiness: Above Average; O A. Project 3 O B. Project 1 OC. Project 5 O D. Project 6
12. Calculate the mean (that is, calculate the arithmetic mean) of the following set of values. Round to the nearest tenth when applicable. 594 374 595 706 541 626 955
To estimate the total price for a project, we need to consider 5 requirements to develop the pricing. What are these five main requirements?
Here are the four answer options provided for this question: (a) The project's PI is 21.48 percent and the project should be accepted. (b) The project's PI is 16.48 percent and the project should be accepted. (c) The project's PI is 8.48 percent and the project should be accepted. (d) The project's PI is 8.48 percent and the project should be rejected.
Where does the 60% come from? on part a Step 2?
13. Determine the median of the set of values. Round to the nearest tenth when applicable. 52 39 27 88 73 90 13 96 21 19 19
Can you please do a step by step calculation on the standard deviation please? My calculation isn't coming up to 2.28%? Thanks