Exam02 - JRN-3-1999 04:24R FROM.•" ~"" r...

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Unformatted text preview: JRN-3-1999 04:24R FROM: ...• .." ~.,. " ' " r BREVARD/'; COMMUNITY CO!rfGE TO:813523926291 Cocoa Math and Learning Lab 1519 Clearlake Rd., 09-106 Cocoa, FL 32922 Telephone: (321) 433-7741 Fax: (321) 433-7678 P :1/6 Fax LlA-~r ~-f-:ut\ To: Tamrni Gibson From: Lisa Gill Fax: 352.392.6291 Phone: Re: Setzer OFM E:xam 2 Pages: 6 Date: 02128/08 CC: o U rgent • Comments: o For Review o P lease Comment n Please Connnn Receipt Att;:Jche~ are the exam pages for L Setzer. Please confirm. re_ceiptof 6 pages_. _ Thank you!. TO:813523926291 P:2/6 JRN-]-1999 04:24R FROM: Name UFID OEM Exam 2 Spring 2008 L&1hu ~ -l.lti:? C CJV j ~5 - K-=-3 _ 5 _ en ,S:- Answer all questions keeping in mind that points are allocflL~d as folluws: 1. 20 poinl~ 2. 10 poWl.• 3. 40 points 4. 10 points 5. 20points ~ JRN-3-1999 04:25R FROM: TO:813523926291 P:3/6 1. G. W. Robinson Inc. executes a constructJon contract for $4,500,000. The total estimated construction cost for the contract is $4.000,000. The company provides the foliowinQ additional information: Costs incurred to date $ 1,00.0,000 $2,000,000 $ 1,000,000 Prog.ressbillings during year .. 900,000 $2.400,000 $1,200,000 Cash collected duri ear 750,000 $1 750,000 $2,000,000 ~ .I'(C M? i & !;Z 5"~ f,. 'J."SiQ compute the revenlJe and 9 0 8 8 profit that the company sh uld recognize each y ar under the J"' . percentage-of-compl tion method. . ..J r,. . L'IIJ C 'ct5h (a (!/J(l!I J Crt»RefJl-- - R vJ{J,.J)ln Re~n/~Q ~I l'en ~ tf ..' fit s r n-om -- 0 - - - - I' if' ~ 0 . ----.-- -".". J"'l .... ..-- - ~ -'15 ~ ~ 1 3~*~~=}1.112[Y1 $o'~OO£ll_~DO[~L~--:'jg:~ \l l ' ) /1 h ~ j ~ fc-tA ;-..Je_~~ ..._ ~~-?O!:~· _1J._·~O!!l ::L~CJOO(Y1__ il:-]5~ __ f!L__~ ~;~~kC V -:( f'/ f t r - _Jq.JA[_~ :L5*~Sf!)~1~J~m-t L "tOO~-t~:Q.0QfY1_ -~ lri.:r~ (77.000) (82,000) a r. J 14'\,( 9p-'-T1J1., (159,000) ~ Y'9"Prr·d~ 1 $844,000 .(- :I:Acort'~ T~ G~S(. $921,000 82.000 ~. 1,003,000 f:- C.\f((~,\\ I~ £?-"5l-' Provision for income taxes Deferred Federal State 2. The income tax footnote to the financial 5tat~ments of Boston Acoustics Inc. for the year ended December 31,2007 is as follows....
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This note was uploaded on 05/12/2010 for the course ACG 5065 taught by Professor Asare during the Spring '08 term at University of Florida.

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Exam02 - JRN-3-1999 04:24R FROM.•" ~"" r...

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