During year 1, sparky construction company has a contract to construct a $4,500,000 high-rise apartment building at an estimated cost of $4,000,000. the contract is to start in july of year 1 and the high-rise apartment building is to be completed in october of year 3. the following data pertain to the construction period (note: by the end of year 2, sparky has revised the estimated total cost from $4,000,000 to $4,050,000) year 1year 2 year 3 costs to date $1,000,000 $2,916,000 $4,050,000 estimated costs to $3,000,000 $1,134,000 $ - 0 complete progress bilings during s 900,000$2,400,000 $1,200,000 the year cash collected during the year $ 750,000 $1,750,000 $2,000,000 what is sparky's percentage completion in year 2?

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period