Hollywood construction company recognizes revenue over time according to percentage of completion for its long-term construction contracts. during 2016, hollywood began work on a $3,000,000 fixed-fee construction contract, which was completed in 2019. the accounting records disclosed the following data at year-end: cumulative contract costs incurred estimated costs to complete at end of year 2016 $200,000 $1,800,000 2017 1,100,000 1,100,000 2018 2,000,000 400,000 for the 2018 year, hollywood should have recognized gross profit on this contract of:
a. $100,000
b. $500,000
c. $266,667
d. $225,000

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Select all that apply. select the ways that labor unions can increase wages. collective bargaining reducing the labor supply increasing the demand for labor creating monopolies

Stock a has a beta of 1.2 and a standard deviation of 20%. stock b has a beta of 0.8 and a standard deviation of 25%. portfolio p has $200,000 consisting of $100,000 invested in stock a and $100,000 in stock b. which of the following statements is correct? (assume that the stocks are in equilibrium.) (a) stock b has a higher required rate of return than stock a. (b) portfolio p has a standard deviation of 22.5%. (c) portfolio p has a beta equal to 1.0. (d) more information is needed to determine the portfolio's beta. (e) stock a's returns are less highly correlated with the returns on most other stocks than are b's returns.