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IrinaVladis [17]
3 years ago
15

The Better Building Company has a contract to build a building for $100 million. The estimate of the cost of the project is $75

million. In the first year of the project, BB had costs of $30 million. The Better Building Company’s reported profit for the first year of the contract, using the percentage-of-completion method, is:
Business
1 answer:
Leni [432]3 years ago
5 0

Answer:

$10 million

Explanation:

Calculation for the reported profit for the first year of the contract

Using this formula

Reported profit=(BB Costs/Project cost estimate)×(Building contract-Project cost estimate)

Let plug in the formula

Reported profit = ($30 million / $75 million)×($100 million – $75 million)

Reported profit=0.4 million ×25 million

Reported profit= $10 million

Therefore the reported profit for the first year of the contract will be $10 million

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Answer:

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answer: 28.12%

Explanation:

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Hence Flow efficiency = (Total / penalty ) * 100

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2 years ago
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Answer:

The correct answer is option c.

Explanation:

Corporate social responsibility is a modern concept regarding a companies' sense of responsibility towards the community and the ecological environment.

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3 years ago
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ollegr [7]

Answer:

a. $8.33

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b.$136,500

Explanation:

The computation of earnings per share and the common dividends per share is shown below:-

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We simply applied the above formulas

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5 0
3 years ago
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Answer:

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3 years ago
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