Acompany has a contract to build a bridge for $100,000 with an estimated time to completion of three years. a reliable total cost estimate for the project would be $60,000. in the first year of the project, the company incurred a cost of $24,000.(a) assume that the contractor bases the degree of completion on the percentage of total costs incurred to date. under the percentage-of-completion method, what amount of gross profit the company will report in the first year? (b) under the completed contract method, what amount of gross profit the company will report in the first year?

The a/p clerk of a company writes the checks for vendors, and the controller signs the checks. the a/p clerk hasdevised a plan to give herself a raise. she creates a new vendor for her friend's business and creates two purchaseorders for random car detailing services for $75 and $70. she writes the checks to pay these new vendors knowing thecontroller will only pay close attention to checks over $100. she delivers the checks to her friend to deposit in his bankaccount, and then he writes her a personal check for the full amount of $145.ceventually, what will be the effect of her actions? what can the company do to prevent this type of behavior? due mondav