In spring 2017, parmac engineering company signed a $240 million contract with the city of parkersburg, to construct a new city hall. parmac expects to construct the building within two years and incur expenses of $180 million. the city of parkersburg paid $60 million when the contract was signed, $120 million within the next six months, and the final $60 million exactly one year from the signing of the contract. parmac incurred $72 million in costs during 2017 and rest in 2018 to complete the contract on time. using the cost-to-cost method how much revenue should parmac recognize in 2017?

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

What is an example of a good stock to buy in a recession? a) cyclical stock b) defensive stock c) income stock d) bond

The simple interest in a loan of $200 at 10 percent interest per year is