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Brady Construction Company contracted to build an apartment complex for a price of $5,100,000. Construction began in 2024 and was completed in 2026. The following
Brady Construction Company contracted to build an apartment complex for a price of $5,100,000. Construction began in 2024 and was completed in 2026. The following is a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars.
Situation | Costs Incurred during Year | Estimated Costs to Complete (As of the End of the Year) | ||||
---|---|---|---|---|---|---|
2024 | 2025 | 2026 | 2024 | 2025 | 2026 | |
1 | $ 1,510 | $ 2,160 | $ 930 | $ 3,090 | $ 930 | |
2 | 1,510 | 930 | 2,440 | 3,090 | 2,440 | |
3 | 1,510 | 2,160 | 1,680 | 3,090 | 1,580 | |
4 | 510 | 3,010 | 1,020 | 3,570 | 880 | |
5 | 510 | 3,010 | 1,370 | 3,570 | 1,580 | |
6 | 510 | 3,010 | 1,900 | 4,700 | 1,790 |
Required:
Complete the following table
Required: Complete the following table. Note: Do not round intermediate calculations. Enter your answers in whole dollars and not in thousands of dollars (i.e., $400 thousand should be entered as $400,000 ). Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus signStep by Step Solution
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