Fitzgerald Finance Assingment Help With Solution

Posted on April 13, 2017

Fitzgerald Finance Assingment Help With Solution

Part 1
Fitzgerald Construction Company is constructing an office building for Lomax Company for $20,000,000 with the following details:
 

Costs incurred to date $8,000,000 $10,000,000 $14,000,000

Estimated costs to complete 6,000,000 4,000,000 —

Billings to date 8,000,000 16,000,000 20,000,000

Collections to date 6,000,000 12,000,000 18,000,000

 

Instructions:

 

  1. Calculate the estimated total gross profit on the contract as of December 31, 2010, 2011 and 2012 using the percentage-of-completion method.
  2. Calculate the estimated total gross profit on the contract as of December 31 2010, 2011 and 2012 using the completed-contract-method.
  3. List one benefit and one drawback each of both the percentage-of-completion method and the completed-contract-method.

 

Note: You must show all the steps used in determining the gross profit each year.

How it Works

How It works ?

Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention product code mentioned in end of every Q&A Page. You can also send us your details through our email id support@assignmentconsultancy.com with product code in the email body. Product code is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.
 
Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to product code . The date is asked to provide deadline.
 
Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id assignmentconsultancy.help@gmail.com and support@assignmentconcultancy.com must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.
 
Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.
 
Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.
 
Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.

Features

Features for Assignment Help

Zero Plagiarism
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.

 

Relevancy
We believe in providing perfect, relevant and 100% accurate solutions to the student as per questions asked. All our experts are perfect in providing that so as to give unique experience to the students.

 

Three Stage Quality Check
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.

 

 

100% Confidential
All our works are kept as confidential as we respect the integrity and privacy of our clients.

Related Services


 

Part 2
Below is the information for Percy Corp, which began operations in 2012:

Installment sales 1,500,000 $1,800,000

Gross profit percentage 30% 25%

Cash collections:

From 2012 installment sales $375,000 $750,000

From 2013 installment sales 500,000

 

Instructions:
Prepare the journal entries to record the sales, inventory cost, deferred gross profit and gross profit recognized on 2012 and 2013 sales and cash collections.

 

Product Code :Fin327

To get answer for this question, kindly click here (Note: Don’t forget to write the product code in comment section)

You can also email us at assignmentconsultancy.help@gmail.com but please mentioned product code in the mail body while sending emails.You can browse more questions to get answer in our Q&A sections here.

Summary
User Rating
5 based on 1 votes
URL