On 1/1/2015, the firm signed on a three-year-contract with a total billings of $1,500.
2015 2016 2017
contract price 1,500 1,500 1,500
costs to date 500 900 1,200
estimated completion 500 400 0
costs
under the percentage of completion method, the net income reported for 2016 is

Answer (non-data)

C) not possible and which is rival in consumption.

Part (a) is relatively straight forward.there are 4 aces in a standard 52-card deck. so the probability that an ace is picked is just 4/52.part (b): note that there are 4 suits in a standard 52-card deck. so picking hearts will be 13/52 or 1/4.part (c): the probability condition or means we need to add the two probabilities because we do not want them simultaneously. so, we end up getting pr(ace) + pr(heart).from part (a), we found that picking an ace had a probability of 4/52, which is reduced down to 1/13.from part (b), we found that picking a heart had a probability of 1/4.so, the probability of an ace or a heart is 1/13 + 1/4 = 4/52 + 13/52 = 17/52.