subject
Mathematics, 28.06.2021 07:50 mmaglaya1

Required information Skip to question
[The following information applies to the questions displayed below.]

In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows:

2021 2022 2023
Cost incurred during the year $ 2,100,000 $ 2,450,000 $ 2,695,000
Estimated costs to complete as of year-end 4,900,000 2,450,000 0
Billings during the year 2,200,000 2,350,000 5,450,000
Cash collections during the year 1,900,000 2,300,000 5,800,000

Westgate recognizes revenue over time according to percentage of completion.

5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.)

2021 2022 2023
Costs incurred during the year $ 2,100,000 $ 3,900,000 $ 4,200,000
Estimated costs to complete as of year-end 4,900,000 4,300,000 0

The question is:
Revenue for 2021, 2022, 2023?
Gross profit (loss) for 2021, 2022, 2023?


Required information

Skip to question
[The following information applies to the questions display

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 13:20
Sherina wrote and solved the equation. x-56=230 x-56-56=230-56 x=174 what was sherina’s error? sherina’s work is correct. sherina only needed to subtract 56 from 230. sherina made a subtraction error when subtracting 56 from 230. sherina should have added 56 to both sides of the equation.
Answers: 2
question
Mathematics, 21.06.2019 19:00
1. which of the following algebraic equations is equivalent to ? x^n = a a^n = x a^x = n x^a = n 2. 16^1/4= 1/2 2 4 3. (-36)^1/2= -6 1/6 no real number 4. 8^2/3= 4 8 16√2 )^5/2= 7,776 1/7,776 no real number 6. m ^ the square root of a^2m simplified is: 7. the square root of 3^3 times the square root of 2 simplified and in radical form is:
Answers: 2
question
Mathematics, 21.06.2019 23:00
Answer this two poles, ab and ed, are fixed to the ground with the of ropes ac and ec, as shown: two right triangles abc and edc have a common vertex c. angle abc and edc are right angles. ab is labeled 13 feet, ac is labeled 15 feet, ec is labeled 10 feet, and ed is labeled 4 feet.what is the approximate distance, in feet, between the two poles? 11.14 feet16.65 feet14.35 feet15.59 feet
Answers: 1
question
Mathematics, 22.06.2019 00:00
Y+ 2/y is it a polynomial in one variable or not? and if so, why?
Answers: 1
You know the right answer?
Required information Skip to question
[The following information applies to the questions dis...
Questions
question
Biology, 26.06.2019 16:00
question
Mathematics, 26.06.2019 16:00
question
Mathematics, 26.06.2019 16:00
question
Mathematics, 26.06.2019 16:00
question
History, 26.06.2019 16:00
Questions on the website: 13722360