Solved

Johnson Technology Specializes in Graphic Design and Video Production

Question 60

Multiple Choice

Johnson Technology specializes in graphic design and video production.In October 2014,the company incurred the following costs for providing services to one of its clients. Johnson Technology specializes in graphic design and video production.In October 2014,the company incurred the following costs for providing services to one of its clients. -Johnson Technology's contract with the client discloses 20% profit margin on the cost incurred.Determine the total amount to be received by the company from its client. A) $3,500 B) $3,860 C) $4,200 D) $2,800
-Johnson Technology's contract with the client discloses 20% profit margin on the cost incurred.Determine the total amount to be received by the company from its client.


A) $3,500
B) $3,860
C) $4,200
D) $2,800

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q55: Dyana Julian,president of Julian Juices,Inc. ,has approached

Q56: In a job order costing system,indirect labor

Q57: The costs of completed jobs in a

Q58: To prepare financial statements at the end

Q59: If applied overhead exceeds actual overhead,cost of

Q61: Which of the following activities is a

Q62: Which of the following is a characteristic

Q63: Which of the following is the entry

Q64: Which of the following products would probably

Q65: If there is a credit balance in