In 2021, the westgate construction company entered into a contract to construct a road for santa clara county for $10,000,000. the road was completed in 2023. information related to the contract is as follows: 2021 2022 2023 cost incurred during the year $ 2,490,000 $ 3,984,000 $ 2,008,600 estimated costs to complete as of year-end 5,810,000 1,826,000 0 billings during the year 2,030,000 4,444,000 3,526,000 cash collections during the year 1,815,000 3,900,000 4,285,000 westgate recognizes revenue over time according to percentage of completion. required: 1. calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years. (do not round intermediate calculations. loss amounts should be indicated with a minus sign.)

If the demand for a pair of shoes is given by 2p + 5q = 200 and the supply function for it is p − 2q = 10, compare the quantity demanded and the quantity supplied when the price is $90. quantity demanded pairs of shoes quantity supplied pairs of shoes will there be a surplus or shortfall at this price? there will be a surplus. there will be a shortfall.

Burke enterprises is considering a machine costing $30 billion that will result in initial after-tax cash savings of $3.7 billion at the end of the first year, and these savings will grow at a rate of 2 percent per year for 11 years. after 11 years, the company can sell the parts for $5 billion. burke has a target debt/equity ratio of 1.2, a beta of 1.79. you estimate that the return on the market is 7.5% and t-bills are currently yielding 2.5%. burke has two issuances of bonds outstanding. the first has 200,000 bonds trading at 98% of par, with coupons of 5%, face of $1000, and maturity of 5 years. the second has 500,000 bonds trading at par, with coupons of 7.5%, face of $1000, and maturity of 12 years. kate, the ceo, usually applies an adjustment factor to the discount rate of +2 for such highly innovative projects. should the company take on the project?

Which are the best examples of costs that should be considered when creating a project budget?