Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Management Expert

Brierton Company enters a contract at the beginning of year 1 to build a new federal courthouse for a price of $16 million. Brierton estimates that total cost of the project will be $12 million, and will take four years to complete.

Costs incurred Payments from federal government

Year 1 $4M $2M
Year 2 $4M $2M
Year 3 $2M $6M
Year 4 $2M $6M

1. If Brierton used percentage-of-completion method to account for this project, what would they have reported as profit in year 2?

2. If Brierton used cash accounting to account for this project, what would they have reported as profit (loss) in year 2?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M998439

Have any Question? 


Related Questions in Business Management

Small group communication 3 questions 1 page eachquestion

Small Group Communication 3 Questions 1 page each Question 1: Select a leader who has made a difference in the world (the individual must be an important national or international leader). Explain the types of power you ...

Assignment business case and proposal for project

Assignment: Business Case and Proposal for Project Selection You work for Centervale Apparel, a large clothing manufacturing firm. Centervale Apparel has budgeted $9.7 million for new technology initiatives in the coming ...

How would you organize and manage the sale staff at segway

How would you organize and manage the sale Staff at Segway to best reach its target markets? Identify and assess Segway's chosen distribution channels and methods. What do you see as the biggest challenges and opportunit ...

Buying a houseimagine you are a public administrator who

Buying a House Imagine you are a public administrator who has just been promoted to a higher position but must relocate to another city and purchase a different home. Using the five distributing bargaining skills, presen ...

Cryptography is the practice of concealing information by

Cryptography is the practice of concealing information by turning it into unreadable code. With all the vulnerabilities across all the different types of devices in use today, encryption is extremely important when it co ...

What special challenges do consultancy firms face that

What special challenges do consultancy firms face that firms operating all items in-house do not?

Employment law case briefusing the internet select and

Employment Law Case Brief Using the Internet, select and research an employment law case no greater than five (5) years old. Write a three to four (3-4) page brief in which you: Summarize the issue of the case, and then ...

When a worker spots uncontrolled variation on a process

When a worker spots uncontrolled variation on a process control chart, should he signal a supervisor or stop the process immediately? Why?

Assignment creating training toolsimagine your manager has

Assignment: Creating Training Tools Imagine your manager has requested that everyone in the company take the StrengthsFinder test. Now, your manager has asked you to put together a training tool on how to best coach and ...

Do you think employers have a right to restrict any or all

Do you think employers have a right to restrict any or all of the following  off-duty  conduct of their employees: Smoking cigarettes? Engaging in high-risk leisure activities such as skiing, motocross racing, rock climb ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen