Shemsoft Software Technicians recently accepted a contract to develop an inventory management system for Chez and Company.
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Shemsoft Software Technicians recently accepted a contract to develop an inventory management system for Chez and Company. Shemsoft is required to complete the installation of the new inventory management system in two years. Shemsoft provided the following contract information.
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Contract price $1,500,000 2018 2019 $ 800,000 255 000 Actual construction costs incurred dur ng the year Construction costsincurredin prior years Cumulative construction costs naurred to date Estimated coststo comp ete Estimated totalcosts Progress bilings made during the year Cash colectons during the year $ 255.000 255,000 1,055 000 382,500 1,055 000 637500 900,000 600,000 750 000 750,000
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2018 2019 Actual cumulative costs incurred to date 255000 1055000 Estimated total costs 637500 10550...View the full answer
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Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
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Related Book For
Intermediate Accounting
ISBN: 978-0134730370
2nd edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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