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3 years ago

Almost 80% of business owners are clueless about the competition, resulting in Question options:

Business

2 answers:

goblinko [34]3 years ago

7 0

u need to give me answer choices

WITCHER [35]3 years ago

4 0

Answer:

the answer is lost of shares and customers

Explanation:

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2 years ago

Barbara wants to reconcile her bank statement. She needs to calculate beforehand and look for when she gets her statement.

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4 years ago

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The information given shows that Denelle is conducting a trend analysis.

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3 years ago

Superior Construction Co. was contracted to plaster all the buildings of a historical preservation project for $2,500,000 over t

Cerrena [4.2K]

Answer:

Gross Profit in Year 1 = $200000

so correct option is B. $200,000

Explanation:

given data

historical preservation project = $2,500,000

time = 2 year

estimated costs = $2,000,000

Actual costs Years 1 = $800,000

Actual costs Years 2 = $900,000

to find out

what amount of gross profit would Superior report in Year 1

solution

we find here first Percentage Completion that is express as

Percentage Completion = Cost to date ÷ Estimated Total Cost .............1

put her value we get

Percentage Completion = $\frac{800000}{2000000}$

Percentage Completion = 40%

and

Revenue Recognized will be here

Revenue Recognized = Percentage Completion × Total estimated Revenue ...............2

Revenue Recognized = 40 % × 25000000

Revenue Recognized = 1000,0000

so here Gross Profit in Year 1 will be

Gross Profit in Year 1 = Revenue Recognized - Cost to date of year 1 ..............3

Gross Profit in Year 1 = 1000,0000 - v800000

Gross Profit in Year 1 = $200000

so correct option is B. $200,000

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4 years ago

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4 years ago