Daisy Company is a large commercial real estate contractor that reports its income by the percentage of completion method. In 2019, the company entered into a contract to construct a building for $960,000. Daisy estimated that the cost of constructing the building would be $720,000. In 2019, the company incurred $240,000 in costs under the contract. In 2020, the company incurred an additional $450,000 in costs to complete the contract. The company's marginal tax rate in all years was 35%. Which of the following statements is true? a. Camelia is not required to report any income from the contract until 2018 when the contract is completed.
b. Camelia should amend its 2017 tax return to decrease the profit on the contract for that year.
c. Camelia must report $300,000 of income in 2017.
d. Camelia must recognize $75,000 of income in 2017.
e. None of these choices are correct.

Your mother's well-diversified portfolio has an expected return of 12.0% and a beta of 1.20. she is in the process of buying 100 shares of safety corp. at $10 a share and adding it to her portfolio. safety has an expected return of 15.0% and a beta of 2.00. the total value of your current portfolio is $9,000. what will the expected return and beta on the portfolio be after the purchase of the safety stock?

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.