A fixed price contract where the price is $150,000.
a.) How much profit does the seller make if the actual cost is $120,000?
b.) ROS?
c.) How much profit does the seller make if the actual cost is $160,000?
d.) ROS?
e.) How much profit does the seller make if the actual cost is $100,000?
f.) ROS?
A fixed price contract where the price is $150,000. a.) How much profit does the seller...
A Fixed Price Incentive Fee (FPI) contract has a Target Cost of $130,000, a Target Profit of $15,000, a Target Price of $145,000, a Ceiling Price of $160,000 and a share ratio of 80/20. e.) How much profit does the seller make if the actual cost is $120,000? f.) What is the ROS? g.) How much profit does the seller make if the actual cost is $ 165,000? h.) How much profit does the seller make if the actual cost...
A Cost Plus Fixed Fee (CPFF) Contract has an estimated Cost of $55,000,000 and a Fixed Fee of $5,000,000. What is the final price and the ROS if : a.) The actual cost is $48,000,000 b.) The actual cost is $75,000,000
1- Al –Tawaan Plastics entered into a contract to install a pipeline for a fixed price of OR2,200,000. Al –Tawaan uses the cost recovery method of revenue recognition. 2015 2016 2017 Cost incurred 250,000 1,600,000 450,000 Estimated cost to complete 1,550,000 500,000 0 In 2015, Al –Tawaan would report (rounded to the nearest thousand) gross profit (loss) of: Select one: a. OR 73,000 b. OR 0 c. OR 56,000 d. OR (100,000) 2- Al –Tawaan Plastics entered into a contract to install...
A fixed price contract including a profit of 340,000 totals 4.6 million with no reserve. In a progress report the CEV was given as 2.75 million and actual cost was 2.8 million. What is the forecasted (estimated) profit in units of currency using forecasting based on the assumption that cost performance on the contract to date will continue for the remainder of the project?
in which one of the following types of contract between a seller and a buyer does the seller agree to sell a specified asset to the buyer today and then buy it back at a specified time in the future at an agreed future price. a) repurchase agreement . C) swap d) call e) none of the above Organized options markets are different from over- the counter options markets for all of the following reasons except a) legal contracts c)...
22. Note this is the same information from #10: A contract is Fixed Price Incentive Fee. The target fee is $10,000, and the target price is $100,000. The share ratio is 80/20 and the actual cost is $85,000. The ceiling price is $110,000. a. What is the PTA? b. What does this mean? Be specific using your answer from 22a. (2 points)
Tullis Construction enters into a long-term fixed price contract
to build an office tower for $10,600,000. In the first year of the
contract Tullis incurs $1,600,000 of cost and the engineers
determined that the remaining costs to complete are $4,800,000.
Tullis billed $3,600,000 in year 1 and collected $3,500,000 by the
end of the end of the year. How much gross profit should Tullis
recognize in Year 1 assuming the use of the
percentage-of-completion method?
18. Tullis Construction enters into...
The contract price for a 3-year construction contract is $100 The actual cost and estimated costs for each vear are given below: Items 2016 2017 2018 Actual cost incurred each year $10 Estimated cost to complete $40 Under Percentage of Completion method (You first prepare the table I showed you in the class to make your calculations easier) S20 $30 1. Compute Actual cost incurred to date 2. Compute total estimated cost for each year 3. Compute estimated gross profit...
Company XYZ has 2 fixed price contracts for 2 different clients. The company has enough capacity for both contracts but is uncertain whether they will be profitable. Using the information below, a) calculate the activity-based costs and profits for each contract (this requires more than one step) and b) calculate the profit for each job using absorption costing, absorbing overheads using molding hours: Enter all answers in number format without commas, decimals, or dollar signs. Customer AAA BBB Component Type...
Tullis Construction enters into a long -term fixed price contract to build an office tower for $10,700,000. In the first year of the contract Tullis incurs $2,100,000 of cost and the engineers determined that the remaining costs to complete the project are $4,900,000. Tullis billed $4,000,000 in year 1 and collected $3,500,000 by the end of the end of the year. How much gross profit should Tullis recognize in Year 1 assuming the use of the completed- contract method? OA....