Gupta industries received a $300,000 prepayment from packard associates for the sale of new equipment. gupta will bill packard an additional $100,000 upon delivery of the equipment. upon receipt of the $300,000 prepayment, how much should holt recognize for a contract asset, a contract liability, and accounts receivable? a. contract asset: $0; contract liability: $300,000, accounts receivable, $0.b. contract asset: $300,000; contract liability: $0, accounts receivable, $0.c. contract asset: $0; contract liability: $300,000, accounts receivable, $100,000.d. contract asset: $300,000; contract liability: $0, accounts receivable, $100,000.

Which of the following is not a personality trait? sincerity word processing punctuality laziness

Oceanside marine company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. oceanside uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 2 pound per unit; $ 11 per pound direct labor: 2 hours per unit; $ 19 per hour oceanside produced 2 comma 000 units during the quarter. at the end of the quarter, an examination of the direct materials records showed that the company used 7 comma 500 pounds of direct materials and actual total materials costs were $ 98 comma 100. what is the direct materials cost variance? (round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year, and the fica tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $680.70. his net pay for the month is .