Beck construction company began work on a new building project on january 1, 2020. the project is to be completed by december 31, 2022, for a fixed price of $131 million. the following are the actual costs incurred and estimates of remaining costs to complete the project that were made by beck's accounting staff: years actual costs incurred in each year estimated remaining costs to complete the project (measured at dec. 31 of each year) 2020 $ 36 million $ 72 million 2021 $ 57 million $ 57 million 2022 $ 41 million $ 0 required: what amount of gross profit (or loss) would beck record on this project in each year, assuming that beck recognizes revenue for this project upon completion of the project?

You are head of the schwartz family endowment for the arts. you have decided to fund an arts school in the san francisco bay area in perpetuity. every 5 years, you will give the school $ 1 comma 000 comma 000. the first payment will occur 5 years from today. if the interest rate is 5.9 % per year, what is the present value of your gift?

Abank provides its customers mobile applications that significantly simplify traditional banking activities. for example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. this unique service demonstrates the bank’s desire to practice which one of porter’s strategies?

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively