Answer:
$3900000
Explanation:
The gross profit is the difference between the revenue earned during the year and the cost of sales. The percentage of completion method is one in which the revenue is recognized based on the cost incurred to date on the project.
Revenue to be recognized in 2021
= $15600000/($15600000 + $9600000) * $31500000
= $19500000
Though the billings for the year is lower, the difference may be recognized as unbilled receivable.
As such, the gross profit for the year
= $19500000 - $15600000
= $3900000
Answer:
whats up yall its nicki minaj ROACHES shes a mammoth of course d8k in your faceeeeeee
STOOPID F88KING DINOSAUR um chile anyways so But why yalls got to lieeeeeeeeeeeeeeeeeeeeeeeeeee
Explanation:
Answer:
Price Inelastic
Explanation:
Inelastic in the terms of the economic means or define as the static quantity of the goods and the services when the price of the product or service changes.
In short, it means that when the price increases, the buying habits of the consumer stay the same and the when the prices falls, the buying habits of the consumer remain unchanged.
So, in this case, the prices increases and the demand for the same did not change, which means that the demand for the micro chips is price inelastic.
