Answer: $230,000
Explanation:
Gross profit to be earned from project:
= Construction price - cost of construction
= 6,000,000 - 5,500,000
= $500,000
Percentage of costs incurred in 2017:
= 2,530,000 / 5,500,000 * 100%
= 46%
The Gross profit for 2017 is therefore:
= Percentage of cost incurred * total gross profit
= 46% * 500,000
= $230,000
An American option is always worth at least as much as a European option on the same asset with the same strike price and exercise date because the American option can be exercised anytime before or at the expiry date. A European option can only be exercised at the expiry date only. So the American option has the same and more rights than the European.
The European Union is a political and economic union of 27 member states located primarily in Europe. Union has a total area of 4,233,255.3 km² and an estimated total population of about 447 million.
Europe can be geographically divided into seven regions. Nordic Countries (Iceland, Norway, Sweden, Finland, Denmark). British Isles (the United Kingdom and Ireland); Western Europe (France, Belgium, Netherlands, Luxembourg, Monaco); Southern Europe (Portugal, Spain, Andorra, Italy, Malta, San Marino, Vatican City. The EU includes geographically Western Asia There is already one non-European member, Cyprus, located in
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Complete Question:
You find out that your aunt works for a defense manufactuing compnay that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. what kind of good is that; individual, merit, or public good?
Answer:
Public Good
Explanation:
It is public good as the contracts that the company has with the government is because that the government wants to invest in it as it is in the best interest of its people.
The central role of the government in any country is to bring prosperity and this is done by investing in infrastructure and meeting the expectations of its people by investing in different areas which includes defense, communication, transport, infrastucture development, education, health, etc. What we conculded is that the contract formed with the defense manufacturing company will be in the best interest of the people who have elected the government.
The company might be providing communication facilities associated with security to the natives which the government desires to achieve by contracting Defense Manufacturing company. So contract of the government with the defense manufacturing company is in the public good.
Answer:
The amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows would be -$850 or $850 outflow
Explanation:
The computation of the cash flow from the operating activities for year 2 is shown below:
= Cash revenue in year 2 - interest on notes payable
= $950 - $1,800
= -$850
The negative amount shows an outflow of cash
.
The interest on the note payable is computed by
= Borrowed amount × interest rate
= $36,000 × 5%
= $1,800