Wildhorse, Inc. began work in 2021 on a contract for $20580000. Other data are as follows: Costs incurred to date Estimated costs to complete Billings to date Collections to date 2021 $8820000 5880000 6940000 4940000 2022 $13850000 O 20700000 17850000 It Wildhorse uses the percentage-of-completion method, the gross proht to be recognized in 2021 is

Q: For what reasons is the NPV technique preferable to IRR?

A: The Net Present Value (NPV) technique is a financial evaluation method used to assess the…

Q: Natarajan, Inc. had the following operating segments, with the in Segment Expenses $ 650,000…

A: We must contrast the segment revenues with the sum of the revenues of all other segments in order to…

Q: can you hand write it instead of using excel

A: Here,Risk Free Rate is 3%Standard Deviation of Optimal Risky Portfolio is 20%Expected Return of…

Q: Wildhorse Company uses the allowance method for estimating uncollectible accounts. Prepare journal…

A: The journal entries are prepared to record the transactions on regular basis. The allowance for…

Q: I need typing clear urjent no chatgpt use i will give 5 upvotes full explanation

A: TrueSound transmission can occur through air, solid, and liquid mediums. Sound Transmission through…

Q: lease submit solution step by step without using excel formulas

A: Price of a bond is the present value of coupon payments plus the present value of the par value of…

Q: don't provide AI written solution.

A: IntroductionIn the realm of capital budgeting, both Net Present Value (NPV) and Internal Rate of…

Q: Sorry but correct answer =31470.44, can you do it using formulas no tables, please

A: To find the total fund the insurer needs to hold today, we need to calculate the present value of…

Q: n you handwrite this or type it instead of using excel

A: According to the expectation theory short term interest rate should be in line with long term…

Q: How XBRL is different from inline XBRL? What challenges do you see in the implementation of XBRL?

A: XBRL: In short, XBRL stands for extensible Business Reporting Language, and it is a software…

Q: Which "view" gives you the ability to drop and drag fields to create relationships between tables? O…

A: The "view" that typically allows you to drag and drop fields to create relationships between tables…

Q: not use ai please

A: To manually divide  110  by  39.37  using long division, follow these steps: Step 1: SetupDivide…

Q: I cannot use excel. please caculate manually

A: Given: Initial salary is $42,200 Salary rise after first year to $45,400 Inflation average is 3%

Q: Prepare the entry for the issuance under the following assumptions. (List all debit entries before…

A: The journal entries are prepared to record the transactions on regular basis. The cash received in…

Q: could you please provide the solution for b and c without using excel?

A: concept. 1. changes in future price = future price of current month - future price of previous…

Q: What is meant by Authorized and issued captial?

A: Meaning of Authorised capital  stock:Authorised stock refers to the maxinum number of preferred…

Q: Factors involved in communicating useful information is are: Multiple Choice Process by which the…

A: Effective communication of useful information involves several factors, which are interrelated and…

Q: Bramble Corp. is a retailer operating in Calgary, Alberta, Bramble Corp. uses the perpetual…

A: Lets understand the basics.There are various methods followed for calculating cost of goods sold and…

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

A:

Q: can you please write your solution out and not use excel.

A: Loan amount=$8000Interest rate=12%No payment for year 1.Total payments=18Find out the monthly…

Q: Can you please enter the information clearly without so many spaces? The information is hard to…

A: The ratio of inventory turnover measures how effectively the business uses its inventory through…

Q: no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit…

A: Perpetual inventory system is used for recording the transactions related to the purchase and sale…

Q: I need typing clear urjent no chatgpt use i will give 5 upvotes I need full explanation

A: The correct answer is b) Operational amplifier circuits. Explanation:• Operational amplifiers…

Contract Costing

Contract costing is about tracing particular costs related to a particular contract entered into with the customer. It is one of the forms of job order costing. It is useful in long-term contracts at the most. It is seen that substantial time is required for the completion of the contract which takes different accounting periods. Thus, it is very much helpful for recognizing the costs associated with it and accounting in their specific accounting periods.