Long-Term Construction Contracts 163 CHAPTER 10 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 10-1: a Percentage of Completion Method: Contract Price P1‚000‚000 Less: Total estimated cost Cost incurred P 200‚000 Estimated remaining cost _400‚000 __600‚000 Gross profit estimated 400‚000 % of completion (200‚000/600‚000) __33 1/3% Gross profit to be recognized P 133‚333 Zero Profit Method: 0 10-2: a P100‚000 2007 2008 Contract Price P9
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Payroll system design System Feasibility Study April 16‚ 2010‚ 8:54 am | | In the field of computer and technology‚ there always an option to automate things likes payroll system‚ inventory system‚ lighting system‚ and sales system. But of course‚ before the automation of any system‚ a feasibility study should be conducted in order to see the benefits of automation over manual system as well as other alternatives. At first‚ you should study the organizational systems such as the users
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Chapter 2 Review of Related Literature In less than a generation‚ computer technology has revolunized business all over the world. This has brought about changes in the area of business‚ finance‚ industry‚ government‚ agriculture‚ education‚ health care‚ sports and even on our personal lives. Today‚ computers do much of the works. Data collection continues to become easier and easier‚ data processing is getting faster and faster‚ mathematical calculations continue to be performed with increased
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Accounting 371 CA1-6 pg 26 Accounting quantifies operations‚ summarizing information‚ giving people the ability to see a situation from different perspectives. It ’s one thing to look at sales numbers for the year‚ but when you combine that with expenses‚ you can derive many issues‚ such as if the expenses are too high for sales or if payroll is unusually low‚ you can make certain decisions about those areas. Accounting numbers help in making sound decisions based on real data and not
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considered an “entity” for accounting purposes- True 3. “Mutual agency” means that one partner can legally bind all the other partners to a contract if it appears that he or she is acting appropriately- True 4. Partners are taxed on their drawings regardless of their share of the income. False 5. If a partnership agreement is silent regard to how profits and losses are to be shared‚ they will be deemed to be shared in the ratio of capital balances- False 6. If the formation of a new
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Stave 6 A Final Thought We find Scrooge in a recumbent (p. 39) position on Christmas Eve in the late 1800’s‚ exactly 10 years after the spirits of Christmas visited him. Why isn’t he out spreading joy‚ you ask? Well‚ over the past week‚ Scrooge has become extremely tired‚ old‚ and maybe even sordid (p. 55). And he believes that he may not last much longer. Scrooge very well may be lying in his death bed. Flowers and cards paint the room in endless wonder. Presents line the walls and children
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* Acknowledgement Chapter I * Introduction * Background of the Study * Hypothesis * Significance of the study * Definitions of terms Chapter II * Program Manual * Program or Software Specification * Screen Design * Program Listing (code) * Flowchart and Algorithm * Summary * Curriculum Vitae TITLE PAGE East System Colleges of Rizal J. Pascual St. San Pedro‚ Morong Rizal “Wapols Payroll System” Title Title
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NAME: ___Seth Johnson__________________ Quiz Questions for Chapter 6 **ANSWERS ARE HIGHLIGHTED 1. A truck was purchased for $25‚000. It has a six-year life and a $4‚000 salvage value. Using straight-line depreciation‚ what is the asset’s carrying value (book value) after 2 years? d. $18‚000. 2. The sale for $2‚000 of equipment that cost $8‚000 and has accumulated depreciation of $6‚700 would result in what reflected in the income statement? d. loss of $1‚300. The following
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CHAPTER ONE INTRODUCTION 1. BACKGROUND TO THE STUDY Payroll has been designed to remove the time and effort that is normally associated with payroll and to provide a direct and seamless operation that enables the employer to handle all staff and payment processes in a simple and accurate manner. Payroll software allows organization to generate pay slips and salary register‚ based on the attendance of the employees taking care of leaves‚ overtime‚ allowances‚ loans‚ advance‚ bonus‚ encashment
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UK RESORT AND LEISURE PARK BACKGROUD OF THE STUDY A web information is an accessed via Internet or Web applications are popular due to ubiquity of the client. The ability to update and maintain web applications without distributing and installing software on potentially thousands of client computers are key reasons for their popularity. A significant advantage of building web to support a standard browser feature is the ability to perform as specified‚ regardless of the operating system installed
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