Of this area, 40,861 square miles (91 percent) is land, while the remaining 3,965 square miles is made up of water. Some 56 species of mammals, 200 species of breeding birds and 170 species of fish call Ohio home. The state has 74 state parks and over 130 preserves, sections of which are open to hunt and fish.
Step 1. Determine the shipping cost for a specified period of time. For example, assume that a company spent $30,000 in shipping during the year. Step 2. Determine the average inventory for the same period of time.If you do not know the average inventory figure, you can add the beginning inventory to the ending inventory figure and divide this sum by 2.For example, assume the beginning inventory was $1million and the ending inventory was $1,500,000. ($1,000,000 + $1,500,000) / 2 = $1,250,000.tep 1. Determine the shipping cost for a specified period of time. For example, assume that a company spent $30,000 in shipping during the year. Step 2. Determine the average inventory for the same period of time.
Percentage of Completed Method. The percentage of completion method is used when the contract involves the completion of more than one act. Under the percentage of completion method, revenue is recognized proportionately with âthe extent of work accomplishedâ by the contractor, by reference to the performance of each act. Many contractors have adopted what they believe to be the percentage of completion method using billings or periodic payment certificates as a basis for recognizing revenue.