Question
Brady Construction Company contracted to build an apartment complex for a price of $5,200,000. Construction began in 2018 and was completed in 2020. The following
Brady Construction Company contracted to build an apartment complex for a price of $5,200,000. Construction began in 2018 and was completed in 2020. 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.
Estimated Costs to Complete | ||||||||||||
Costs Incurred During Year | (As of the End of the Year) | |||||||||||
Situation | 2018 | 2019 | 2020 | 2018 | 2019 | 2020 | ||||||
1 | 1,520 | 2,190 | 960 | 3,150 | 960 | |||||||
2 | 1,520 | 960 | 2,480 | 3,150 | 2,480 | |||||||
3 | 1,520 | 2,190 | 1,760 | 3,150 | 1,660 | |||||||
4 | 520 | 3,020 | 1,040 | 3,640 | 885 | |||||||
5 | 520 | 3,020 | 1,440 | 3,640 | 1,660 | |||||||
6 | 520 | 3,020 | 2,000 | 4,800 | 1,880 | |||||||
Required: Complete the following table. (Do not round intermediate calculations. Enter answers in dollars. Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus sign.) Required: Complete the following table. (Do not round intermediate calculations. Enter answers in dollars. Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus sign.)
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