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On July 15, 2019, Capri Construction contracted to build a warehouse at a contract price of $365 million. The schedule of expected (and actual) cash
On July 15, 2019, Capri Construction contracted to build a warehouse at a contract price of $365 million. The schedule of expected (and actual) cash collections and contract costs follows: Year Cash Collections Costs Incurred 2019 $73,000,000 $40,000,000 2020 $146,000,000 $82,000,000 2021 $146,000,000 $103,000,000 Calculate the amount of revenue and gross profit for each of the three years 2019-2021. Round % to the 1st decimal place and $ to the whole dollar.
On July 15, 2019, Capri Construction contracted to build a warehouse at a contract price of $365 million. The schedule of expected (and actual) cash collections and contract costs follows: Year Cash Collections Costs Incurred 2019 2020 $73,000,000 $146,000,000 $146,000,000 $40,000,000 $82,000,000 $103,000,000 2021 Calculate the amount of revenue and gross profit for each of the three years 2019- 2021. Round % to the 1st decimal place and $ to the whole dollar. On July 15, 2019, Capri Construction contracted to build a warehouse at a contract price of $365 million. The schedule of expected (and actual) cash collections and contract costs follows: Year Cash Collections Costs Incurred 2019 2020 $73,000,000 $146,000,000 $146,000,000 $40,000,000 $82,000,000 $103,000,000 2021 Calculate the amount of revenue and gross profit for each of the three years 2019- 2021. Round % to the 1st decimal place and $ to the whole dollarStep by Step Solution
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