Diamond, Inc. (Diamond) has a 5-year construction contract to build a 60-mile canal for $600,000. The estimate of total costs is $400,000. Year 1 and Year 2 incurred costs are, respectively, $100,000 and $20,000. Diamond finished 18 miles in Year 1 and 6 miles in year 2. If Diamond uses the cost to cost ratio method to recognize revenue, which of the following revenue amounts would Diamond report for Year 1 and Year 2, respectively? A. $0, $0
B. $150,000, $180,000
C. $60,000, $180,000
D. $150,000, $30,000

The vaska company buys a patent on january 1, year one, and agrees to pay $100,000 per year for the next five years. the first payment is made immediately, and the payments are made on each january 1 thereafter. if a reasonable annual interest rate is 8 percent, what is the recorded value of the patent? 1. $378,4252. $431,2133. $468,9504. $500,000

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis. b)reject the null hypothesis and conclude the mean is higher than $6,000 per day. c)reject the null hypothesis and conclude the mean is lower than $6,000 per day. d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day. expert answer