Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pleaseeee answer!!!!!! im begging JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,245,000. JRE2 recognizes revenue upon contract

pleaseeee answer!!!!!! im begging
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,245,000. JRE2 recognizes revenue upon contract completion 2020 2021 2022 Cost incurred $ 256,800 1,630,000 480,000 Estimated Cost to Complete $1,580,000 533,000 In 2022, JRE2 would report gross profit (loss) of Multiple Choice $1121.000 $53.000 $17667 $132.000 Next > 11 1.38423 0.72242 12 1.42576 0.70138 13 1.468530.68095 14 1.512590.66112 15 1.55797 0.54186 16 1.60471 0.62917 12.07 9.25263 113.1920 9.530 14.1920 9.95100 14.6178 10.25262 15.6178 10.6406 16.036) 19.95460 176311.24607 175 11.63496 T3794 1.12.29607 21.1 12.5611 2.7636 122.93794 Jimmy has $140,150 accumulated in a 401k in the undis aming a low butter yet. The withdrawals with you be exhausted if my withdraws $18.000 each year Mimple Choice 12 years 8 years 9 year years ont you have complete On January 1, 2021. Shirley Corporation purchased 10% bonds dated January 1, 2021, with a face amount of $27 million. The bonds mature in 2033 (10 years). For bonds of similar risk and maturity, the market yield is 12% Interest is paid semiannually on June 30 and December 31. (FV or $1. PV of $1. FVA of $1. PVA of $1. EVAD of $1 and PVAD of $1 (Use appropriate factor(s) from the tables provided.) Required: Determine the price of the bonds at January 1, 2021. (Enter your answer in whole dollars.) X Answer is complete but not entirely correct. Price of the bonds $ 23.880.492 URE2 Inc. entered into a contract to pointed 23.DOOR 2020 2021 2022 Cost incurred 5 256,000 1,630,000 480.ee $1,550,000 533,000 in 2022. JRE2 would report grosso costo Multiple Choice 5122000 553000 O $17667 562000 O

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

1118334329, 978-1118334324

More Books

Students also viewed these Accounting questions

Question

Explain the steps involved in training programmes.

Answered: 1 week ago

Question

What are the need and importance of training ?

Answered: 1 week ago

Question

Who holds the power in recruitment and selection?

Answered: 1 week ago

Question

Explain the effectiveness of various selection methods

Answered: 1 week ago

Question

Explain the nature of attraction in recruitment

Answered: 1 week ago