In 2018, long construction corporation began construction work under a three-year contract. the contract price is $2,400,000. long recognizes revenue over time according to percentage of completion for financial reporting purposes. the financial statement presentation relating to this contract at december 31, 2018, is as follows: balance sheet accounts receivable (from construction progress billings) $ 38,000 construction in progress $ 160,000 less: billings on construction contract (150,000 ) cost and profit of uncompleted contracts in excess of billings 10,000 income statement income (before tax) on the contract recognized in 2018 $ 28,000 required: 1. what was the cost of construction actually incurred in 2018? 2. how much cash was collected in 2018 on this contract? 3. what was the estimated cost to complete as of the end of 2018? 4. what was the estimated percentage of completion used to calculate revenue in 2018?

Ail industries uses activity-based costing to assist management in setting prices for the company's three major product lines. the following information is available: activity cost pool estimated overhead expected use of cost driver per activity cutting $1,000,000 25,000 labor hours stitching 8,000,000 320,000 machine hours inspections 2,800,000 160,000 labor hours packing 960,000 64,000 finished goods units compute the activity-based overhead rates. (round answers to 2 decimal places, e.g. 12.25.)

The amberssen specialty company is a chain of twelve retail stores that sell a variety of imported gift items, gourmet chocolates, cheeses, and wines in the toronto area. amberssen has an is staff of three people who have created a simple but effective information system of networked point-of-sale registers at the stores and a centralized accounting system at the company head- quarters. harry hilman, the head of amberssens is group, has just received the following memo from bill amberssen, sales director (and son of amberssen’s founder). harry—it’s time amberssen specialty launched itself on the internet. many of our competitors are already there, selling to customers without the expense of a retail storefront, and we should be there too. i project that we could double or triple our annual revenues by selling our products on the internet. i’d like to have this ready by - giving, in time for the prime holiday gift-shopping season. bill after pondering this memo for several days, harry scheduled a meeting with bill so that he could clarify bill’s vision of this venture. using the standard con- tent of a system request as your guide, prepare a list of questions that harry needs to have answered about this project.

Which one of the following statements is true? ddt does not prevent disease from passing from agricultural animals to humans. cost was a major factor in the united states government's decision to ban ddt. many african governments concluded that the potential long-term health effects of ddt were not as serious as the immediate problem of insect control. ddt cannot accumulate in the fat of animals. the ddt ban in the united states has made it very difficult to control agricultural insect pests.