RE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,215,000. JRE2 recognizes revenue upon contract completion.

Cost incurred Estimated Cost to Complete
2017 $ 252,000 $ 1,560,000
2018 1,610,000 510,000
2019 460,000 0

In 2016, JRE2 would report gross profit (loss) of:

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

answer; competency based pay;

answertop managers;