2018, the westgate construction company entered into a contract to construct a road for santa clara county for $10,000,000. the road was completed in 2020. information related to the contract is as follows: 2018 2019 2020 cost incurred during the year $ 2,044,000 $ 2,628,000 $ 2,890,800 estimated costs to complete as of year-end 5,256,000 2,628,000 0 billings during the year 2,170,000 2,502,000 5,328,000 cash collections during the year 1,885,000 2,600,000 5,515,000 westgate recognizes revenue over time according to percentage of completion.

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Ino me gusta cuando no tengo whats de los demás pero me siento tan cerca a la realidad

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan