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Showing posts from February, 2017

Planning and Getting Ready for Garden 2017 by Ed Powers

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I live between Conifer and Evergreen at 7600 feet.   I have lived here for more than 5 years with gardening challenges galore.   Last year I built 2- 4 feet by 4 feet raised gardens.   Quite frankly, even at that size I had the best garden I have had up here.   I also grew some tomatoes indoor over the winter that produced the largest best fruit I have ever had gardening.   So moving forward this year, I decided to start my tomatoes, squash and peppers along with several flowers in December/ January in 2017.   I will also start a second crop in February.   My hope is that they will survive to be larger plants in June.   My belief and experience from last year is that this l will produce a better garden.   I also intend on building another raised garden 8x3 feet.   I have started the process by planting seeds I saved from last year since they are all heirlooms.   This will include Russian Black Crim tomatoes (this is the 3 rd season for these seeds so they should adapted somewhat to o

Selecting Houseplants by Kurt M. Jones, Chaffee County Extension Director

            Houseplants add to the décor of any room or office.   Look at any magazine photograph of a room, and plants will be visible.   In today’s lifestyle of high technology and fast pace, many people are re-discovering the joy of raising houseplants.             Houseplants play a dramatic role in the design of a room.   Office lobbies have utilized plants to help the visitor feel more comfortable and to give the impression that this space is lived in.   Plants offer a unique contrast in many homes and offices.   Adding plants to a high-tech work environment offers a contrast or highlight to these areas.             Plants can vary in looks, size, and shape.   It is important to consider not only the size of the plants you wish to decorate with, but also the growing conditions for the plant.   Plants requiring full sunlight will not be as productive in hallways.   Some houseplants are also adversely affected by cold drafts, thereby limiting where they can be placed in the home.

EXERCISE 18-6 (10-12 minutes)

BRAD BRIDGEWATER, INC.           Computation of Gross Profit to Be Recognized on Uncompleted Contract Year Ended December 31, 2004 _____________________________________________________________ Total contract price         Estimated contract cost at completion                                     $2,000,000              ($700,000 + $1,300,000)         Fixed fee                                                                                               450,000                 Total                                                                                            2,450,000         Total estimated cost                                                                        2,000,000         Gross profit                                                                                          450,000         Percentage of completion ($700,000 ÷ $2,000,000)                            35%         Gross profit to be recognized ($450,000 X 35%)                     $   157,500 :.0001p

EXERCISE 18-5 (10-15 minutes)

(a)   Contract billings to date                                                                   $61,500         Less accounts receivable 12/31/04                                                  21,500         Portion of contract billings collected                                             $40,000 (b) $18,200 = 28% $65,000         (The ratio of gross profit to revenue recognized in 2004.)         $1,000,000 X .28 = $280,000 (The initial estimated total gross profit before tax on the contract.) le='tab-stops:30.0pt 60.0pt right dotted 318.0pt blank 405.0pt 504.0pt'>        Sales Revenue—Texts*.................................            80,000         Allowance for Returns...................................       1,920,000         Accounts Receivable.....................................                               16,000,000         *A debit to either Sales Revenue—Texts or Sales Returns could be made here.

EXERCISE 18-4 (Continued)

(b)   Construction in Process.......................................      535,000              ($935,000 – $400,000)                    Materials, Cash, Payables, etc..................                           535,000         Accounts Receivable ($900,000 – $300,000)....      600,000                 Billings and Construction in Process........                           600,000         Cash ($810,000 – $270,000)..................................      540,000                 Accounts Receivable.....................................                           540,000         Construction Expenses........................................      535,000         Construction in Process.......................................                           140,000                 Revenue from Long-term Contracts...........                           675,000*         *$1,500,000 X (85% – 40%) (c)   Gross profit recognized in: 2004 2005 2006 Gross profit $ –0– $ –0– $43

EXERCISE 18-4 (20-25 minutes)

(a)   Gross profit recognized in: 2004 2005 2006 Contract price $1,500,000 $1,500,000 $1,500,000 Costs: Costs to date $400,000 $935,000 $1,070,000 Estimated costs to         complete   600,000   1,000,000 165,000   1,100,000                 0   1,070,000 Total estimated profit 500,000 400,000 430,000 Percentage completed to date          40%*         85%**          100% Total gross profit recognized 200,000 340,000 430,000 Less: Gross profit recognized in previous years                 0     200,000       340,000 Gross profit        recognized in current year $   200,000 $  140,000 $     90,000 * *$400,000 ÷ $1,000,000 **$935,000 ÷ $1,100,000