Assuming BCC recognizes revenue over time according to percentage of completion for this contract,the gross profit recognized in 2015 would be (rounded to the nearest thousand) :
A) $33,000.
B) $36,000.
C) $69,000.
D) $30,000.
Correct Answer:
Verified
Q188: Use the following to answer questions
Excerpts
Q189: In the DuPont formula,return on assets equals:
A)Gross
Q190: Hulkster's 2016 return on assets is (rounded):
A)7.1%.
B)7.8%.
C)13.5%.
D)44.7%.
Q191: Hulkster's 2016 receivables turnover is:
A)2.85.
B)4.70.
C)5.00.
D)10.63.
Q192: Use the following to answer questions
Excerpts
Q194: Hulkster's 2016 average days in inventory is
Q195: Hulkster's 2016 asset turnover is (rounded):
A)3.73.
B)2.79.
C)2.24.
D)0.46.
Q196: Hulkster's 2016 average collection period is:
A)73 days.
B)104
Q197: Use the following to answer questions
Excerpts
Q198: Hulkster's 2016 inventory turnover is (rounded):
A)3.62.
B)3.96.
C)4.07.
D)6.03.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents