Answer:
$3.2 million
Explanation:
The revenue and gross profit or loss which the company identify in the first and second year if it recognizes revenue upon contract completion is calculated below.
Total costs = Incurred costs + estimated costs to complete = $8 million + $12 million = $20 million
Revenue to recognize = $8m/$20m*$28m = $11.2 million
Gross Profit = Revenue recognized less costs incurred
= $11.2m - $8m = $3.2 million
Answer:
Answer b) is correct.
Explanation:
The cellular phones are in the maturity stage of the product life cycle. In this stage, the costs of the products are relatively low so that a peak in sale volume occurs.
Answer:
$120,000
Explanation:
The total profit for Winter company is computed as seen below
($15 × 15,000 units) - [$10,000 + $5,000(($2.50 + $0.75 + $1.25 + $1.50)15,000)]
= $225,000 - [$5,000 + ($6 × 15,000)]
= $225,0000 - $105,000
= $120,000
The correct answer is that "Abigail <span>is protected from wrongful discharge by the exception based on public policy."
Abigail won't be discharge because of the immoral conduct done by the company sh is working with, she has done the right thing about telling the authorities with regards to her discovery of the company's tampered research results.</span>
