Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Aug 2017 My Price 5.00

Shumpert, Inc

27.              Shumpert, Inc., entered into a contract that was to take two years to com- plete, with an estimated cost of $900,000. The contract price was  $1,300,000.

 

Costs of the contract for 2014, the first year, totaled $675,000.

 

a.      What was the gross profit reported by the percentage of completion method for 2014?

 

b.     After the contract was completed at the end of 2015 at a total cost of $950,000, what was the gross profit reported by the percentage of completion method for 2015?

 

 

Problems

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Aug 2017 09:08 PM My Price 5.00

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