Where can you locate your attendance?

Spacey has been hired to build a new space shuttle for NASA for $2 Billion that will transport humans to Mars. Spacey expects it will take five years to build the shuttle.  They use the percentage of completion method to account for long-term construction projects.  Use the following information about the first 4 years of construction to answer the following questions.                                                                                     Year 1                   Year 2                   Year 3                       Year 4 Cash Cost incurred to date               $200 million        $390 million        $1,100 million   $1,400 million Estimated future costs                        $800 million        $910 million        $1,100 million      $700 million Current year Billings                            $350 million        $300 million         $500 million          $400 million Current year Cash coll                         $270 million        $420 million        $490 million           $405 million What is the income statement impact (current period profit or loss) for Year 3?

I have read my course addendum.

On 1/1/2009 ABC, Inc. purchases a 5-year $1,000,000, 6% bond requiring semiannual interest payments from XYZ, Inc.  Interest payments are scheduled to occur on 6/30 and 12/31 each year.  They classify this investment as “Trading”.  ABC, Inc. pays an amount for the bond that creates an effective yield of 5%. What would be the journal entry for ABC, Inc. on 1/1/2009 to record the purchase?

On 1/1/2006 Red, Inc. purchased 100,000 shares of Blue, Inc (representing a 40% ownership interest) for $10 per share. The book value of Blue Inc. was $1,500,000.  In assessing the purchase, Red, Inc. identified that a building owned by Blue, Inc. had a fair value that was $500,000 greater than its book value.  The building had a remaining useful life of 10 years.  In addition, Red, Inc. also identified a machine that had a fair value that was $100,000 higher than its book value, and a 5 year useful life.  Red, Inc. decides to amortize these excesses using the straight-line method. Red, Inc. earns $5,000,000 of Net Income in 2006, and pays $500,000 in dividends. The price of Red, Inc.’s stock is $25 at the end of 2006.    Blue, Inc. earns $1,000,000 of Net Income in 2006, and pays $750,000 in dividends. The price of Blue, Inc.’s stock is $15 at the end of 2006. How much total “Equity in Investee Income” did Red, Inc. record in their income statement from the investment in Blue, Inc. in 2006?

On 1/1/2006 Red, Inc. purchased 100,000 shares of Blue, Inc (representing a 40% ownership interest) for $10 per share. The book value of Blue Inc. was $1,500,000.  In assessing the purchase, Red, Inc. identified that a building owned by Blue, Inc. had a fair value that was $500,000 greater than its book value.  The building had a remaining useful life of 10 years.  In addition, Red, Inc. also identified a machine that had a fair value that was $100,000 higher than its book value, and a 5 year useful life.  Red, Inc. decides to amortize these excesses using the straight-line method. Red, Inc. earns $5,000,000 of Net Income in 2006, and pays $500,000 in dividends. The price of Red, Inc.’s stock is $25 at the end of 2006.    Blue, Inc. earns $1,000,000 of Net Income in 2006, and pays $750,000 in dividends. The price of Blue, Inc.’s stock is $15 at the end of 2006.  What is the value of the “Equity Investment in Blue, Inc.” on Red Inc.’s 12/31/2006 balance sheet?

ABC, Inc. prepares its financial statements consistent with a 12/31 fiscal period end. On 6/30/2014 ABC, Inc. received $100,000 for a basket of goods and services that were sold to XYZ, Inc. In exchange for the $100,000 ABC, Inc. agreed to deliver and install a state of the art machine on 7/1/2014, they also agreed to conduct an 8-hour training session for the current employees on 7/15/2014, and to conduct a second 8-hour training session on 1/15/2015.  Finally, ABC, Inc. will provide four years of customer support which will begin on 7/1/2014.  If sold separately, ABC, Inc. generally charges the following:                                                                   Amount                   Machine                            $80,000                   Installation                      $12,000                   Training                             $500 per hour                   Customer Support      $25,000 When ABC, Inc. prepares their financial statements on 12/31/2015, how much will the record for Unearned Revenue at the end of 2015?

Which of the following is a component of operating budgets?

ESRD, patient is on hemodialysis:

In which order are the following developed? First to last: A = Production budget  B = Direct materials costs budget C = Budgeted income statement  D = Revenues budget