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Lena [83]
3 years ago
5

In a recent speech, the governor of your state announced: "one of the biggest causes of juvenile delinquency in this state is th

e high rate of unemployment among 16 to 19 year olds. the low wages offered by employers in the state have given fewer teenagers the incentive to find summer employment. instead of working all summer, the way we used to, today's teenagers slack off and cause trouble. to address this problem, i propose to raise the state's minimum wage by $1.50 per hour. this will give teens the proper incentive to go out and find meaningful employment when they are not in school." highlight a possible flaw in the governor's reasoning: g
Business
1 answer:
Pepsi [2]3 years ago
6 0
<span>A flaw in the governor's reasoning is that a lot of people in that age bracket who are already juvenile delinquents aren't going to stop doing bad things just because they might get paid more at a job. Those people may just not want to have a job and would rather enjoy their youth causing trouble before they have to "settle" into a career.</span>
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Percentage of completion method                    

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revenue(10mil*%complete)  $3888890        $5258030    $853080

cost incurred                       -$2184000       - $3860000    -$4080000

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cost incurred/ estimated cost        38.3889%           91.4692%             100%

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Revenues for 2020 = total contract price - revenues for 2018 and 2019

Explanation:

COMPLETE QUESTION BELOW

5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.)

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Cost incurred during the year $ 2,184,000  $ 3,860,000  $ 4,080,000  

Estimated costs to complete as of year-end  5,616,000   4,220,000   0  

2018 2019 2020

Revenue    

Gross profit (loss)    

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