Answer: $300,000
Explanation:
Total expected costs = cost incurred to date + estimated cost to complete
= 1,200,000 + 3,600,000
= 4,800,000
= 0.25
= 25%
Profit = contract revenue - Total expected costs
= $6,000,000 - 4,800,000
= $1,200,000
Cumulative gross profit = Profit × Percentage of completion
= $1,200,000 × 0.25
= $300,000
Therefore, Red Builders should have recognized profit at the end of year 1 in the amount of $300,000.
Answer:
The company will produce the requested 150 units of A for a gain of 300 dollars
and then use his resourses to produce B yielding a gain of 90 dollars
total of 390 profit
Explanation:
The company will produce at least 150 units of product A therefore:
lbs used: 150 x 3 = 450
minutes of labor used 150 x 8 = 1,200
leaving available:
1,200 - 450 = 750 lbs
1,500 - 1,200 = 300 mins
As time is the most scarce resource we allocate base on thecontribution per minute:
product A $2 of profit for 8 minutes: 0.25 dollars per minute
product B $1.5 of profit for 5 minutes: 0.30 dollars per minute
As product B is more profitable considering labor time we use the entire amount left to produce product B
300 min / 5 minutes = 60 units of b
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Answer:
X= cost of the tires
t(x)= (.9*X+10)*1.06
If x = 300, then the costo is (.9*300 + 10) *1.06 = (270 + 10)* 1.06 = 280 * 1.06 = $296.80
If the tax is appplied first and then the discount is applied, your formula would be:
t(x) = (x+10)*1.06 - (-1*x)
If x is equal to $300, the cost is $310 * 1.06 - .1*300 = $328.60 - $30 = $298.60
you pay mor if the tax is applied first.
Your discounted price of .9*x stems from x - .10*x which becomes (1-.10)*x wich becomes .9*x
Your cost with tax stems from y + .06*x =(1+.06)*y = 1.06*y
Y is the amount of the cost that is taxed.
if the discuount is applied first, then y is equal to (.9*x + 10)
if the discount is applied after, then y is equal to (x+10).
The difference is the tas on the discount
Explanation:
