In year 1 a contractor agrees to build a building for $2,500,000 by the end of year 2. The builder's cost is estimated to be $1,800,000. The actual costs year 1 are $900,000 and year 2's actual costs are $1,100,000. Under the percentage of completion method year 1's gross profit is
A) $0.
B) $300,000.
C) $350,000.
D) $700,000.
C) $350,000.
Business
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Which of the following is an accurate statement?
A) Skills can be learned, whereas characteristics cannot B) Skills can be learned, whereas characteristics develop over time C) Skills develop over time automatically, while characteristics need effort D) Skills and characteristics are both pre-set intrinsic qualities, which may develop over time with concentrated effort
Business
What are the four phases of screening?
What will be an ideal response?
Business
Self-interest is the same as selfishness
Indicate whether the statement is true or false
Business
________ is the process of "expiring" the cost of a long-term tangible asset over its useful life
A) Expiration B) Depreciation C) Economic recovery D) Salvaging
Business