On january 1, year 1, a contractor began work on a $3.2 million construction contract that is expected to be completed in 3 years. the contractor concludes that it is appropriate to recognize revenue over time using the input method based on costs incurred (cost-to-cost method). at the inception date, the estimated cost of construction was $2.4 million. the following data relate to the actual and expected construction costs: year 1 year 2 year 3 costs incurred $720,000 $1,170,000 $1,110,000 expected future costs $1,680,000 $810,000 $0

For each example identify the most appropriate ctso

You are an employee of an u.s. firm that produces personal computers in thailand and then exports them to the united states and other countries for sale. the personal computers were originally produced in thailand to take advantage of relatively low labor costs and a skilled workforce. other possible locations considered at that time were malaysia and hong kong. the u.s. government decides to impose punitive 100% ad valorem tariffs on imports of computers from thailand to punish the country for administrative trade barriers that restrict u.s. exports to thailand. how do you think your firm should respond? what does this tell you about the use of targeted trade barriers?

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity