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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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Explanation:

Outbreak has been defined as the sudden increase in occurence of a particular disease in a specific period of time and at a specific place. When people have something in common to explain why they all got thesame illness, it is called an outbreak. Any disease becomes an outbreak when it occurs in greater numbers than expected for a given region or community during a specified period of time or season.

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3 years ago
If a player chooses a mixed strategy in a Nash equilibrium, this implies that the payoff from using that mixed strategy is the s
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Answer:

False.

Explanation:

The concept of "Nash equilibrium" is been by economist and also by "gamers" in game theory. Nash equilibrium is so good for making decisions and the determination of strategies.

In playing this game, the players or participants can use the pure strategy or the mixed strategy. The mixed strategy is the use of different strategies randomly.

"If a player chooses a mixed strategy in a Nash equilibrium, this implies that the payoff from using that mixed strategy is the same as the payoff from using any of the pure strategies in it".

The statement given above is FALSE because the PAYOFF WILL INCREASE IF WE ARE TO PLAY A MIXED STRATEGY.

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8 0
3 years ago
Two Scoops uses the information to track cash, sales revenue, and expenses daily. How does this type of accounting system facili
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Two Scoops uses the information to track cash, sales revenue, and expenses daily. This type of accounting system facilitate effective decision making by the following ways.

<h3>What is accounting system?</h3>

An accounting system is a collection of accounting operations with built-in controls.

Effective decision making through given accounting system are-

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  • It would be simple to make business decisions that are in line with the needs of the firm and not just arbitrary decisions based on reality contacts thanks to the data obtained from this procedure being ready to put in to excel sheets and be shown in the form of various charts.
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2 years ago
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Inga [223]

Answer:

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3 years ago
The invention of the ________ addressed two challenges faced by department store owners in the late 19th century: creating detai
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3 years ago
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