Aaa has a contract to build a building for $100,000 with an estimated time to completion of three years. a reliable cost estimate for the project is $60,000. in the first year of the project, aaa incurred costs totaling $24,000. how much profit should aaa report at the end of the first year under the percentage-of-completion method and the completed-contract method? percentage-of-completion : completed-contract
a) $16,000 : $0
b) $16,000 : $40,000
c) $40,000 : $0

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%

Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be: