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Janah Co, signed a construction contract with the ministry of health to build a hospital in three years starting 11 2017 and finishing 31 12

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Janah Co, signed a construction contract with the ministry of health to build a hospital in three years starting 11 2017 and finishing 31 12 2019. The contract price is set for 38,000,000 and the overall costs are estimated to be 16,000,000 You have the following information The contract price is increased by 1 million by the end of 2017 and another 1 million by the end of 2018 The estimated overall costs increased by million by the end of 2018 . Culative actual cost by the end of 2017 is 6 million Estimated Cons for Completion by the end of 2018 1 million. And the contract completed on time. Answer the following questions The percent of completion by the end of 2015 is A 80 339 C 12.50 0.30 Profit located for at 3019 only in thousand 30,000 D 4,000 C 1.6 D000 Revenue allocated for year 2017 only is (in thousands): A. 17,375 B. 8.625 C. 14,625 D. 39,000 Estimated Costs for Completion by the end of 2017 is (in thousands): A. 14.000 BO C. 16.000 D. 10,000

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