Business
Business, 17.12.2019 05:31, fernandofhn1844

During year 1, sparky construction company has a contract to construct a $4,500,000 high-rise apartment building at an estimated cost of $4,000,000. the contract is to start in july of year 1 and the high-rise apartment building is to be completed in october of year 3. the following data pertain to the construction period (note: by the end of year 2, sparky has revised the estimated total cost from $4,000,000 to $4,050,000) year 1year 2 year 3 costs to date $1,000,000 $2,916,000 $4,050,000 estimated costs to $3,000,000 $1,134,000 $ - 0 complete progress bilings during s 900,000$2,400,000 $1,200,000 the year cash collected during the year $ 750,000 $1,750,000 $2,000,000 what is sparky's percentage completion in year 2?

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During year 1, sparky construction company has a contract to construct a $4,500,000 high-rise apartm...

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