Answer:
a. 2017 2018 2019
Expenses incurred for the year A 36 million 81 million 63 million
Estimated total cost B 180 million 180 million 180 million
% Completion (A/B) C 20% 45% 35%
Revenue recognized for the D 44 million 99 million 77 million
period (220 million * C)
Gross profit (D-A) $8 million $18 million $14 million
b. Yes, the cost-to-cost method provides a good measure of this construction company's performance under the contract.
There is not enough information to determine the level of worry you should have. you need to do a profile check of this "pet hotel" and see reviews.
An increase in the interest rate causes part 2 c. the money demand curve to shift to the right.
interest is the price you pay to borrow cash or the cost you charge to lend cash. A hobby is most usually pondered as an annual percentage of the amount of a loan. This percentage is referred to as the hobby rate on the loan. for example, a financial institution pays you interest when you deposit your money in a savings account.
In finance and economics, interest is a payment from a borrower or deposit-taking monetary institution to a lender or depositor of an amount above compensation of the foremost sum, at a particular rate. it is distinct from a fee that the borrower may also pay the lender or some 1/3 celebration.
The three sorts of interests encompass simple (everyday) hobbies, collected interests, and compounding interests.
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Answer:
The correct answer is bigger leakages.
Explanation:
Leakages mean when money leaves or exits the economy, for instance, imports. When there is a big leakage or import that amount of money goes to the other countries. That part of income is not used for further production or investment in the economy. It makes the size of multiplier smaller.
When the multiplier is smaller a greater change in spending will lead to a smaller change in the overall economic activity and vice versa.
Answer:
By the midpoint formula, his income elasticity of demand for pro football game tickets is equal to <u>+3</u>, and football game tickets are <u>normal</u> goods.
Explanation:
The formula for calculating income elasticity of demand using the midpoint method is:
income elasticity of demand = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}
= {2 / [(2 + 4) / 2]} / {10,000 / [(40,000 + 50,000) / 2]} = (2 / 3) / (10,000 / 45,000) = 0.67 / 0.222 = 3
when the income elasticity of demand is higher than 1, the goods are normal goods.
