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Merry Lucnhco Co., Corporation uses the percentage-of-completion method to recognize revenue. In
2 000, Merry Lucnhco Co., agreed to construct a facility at a total contract price of $28.0 million and a total expected cost of $24.0 million. Actual costs and cash inflow information are presented below (in
$ millions):
How much income did Merry Lucnhco Co., earn from the contract for years 1998, 1999, 2000 respectively?
A. 0.7833 1.5667 1.6500
B. 0.4700 0.9400 0.9900
C. 0.2350 0.4700 0.4950
Answer: A
Explanation:
Cumulative Cost 1998 = (4.7/24.0)*100 19.5833% Cumulative Revenue 1998=
(4.7/24.0)*28.0 = 5.483333 Profit= Current Revenue - Expense = 0.783333
NEW QUESTION: 2
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B. A comma delimited text file format is required for the match designer sample input data defined in the Test Environment tab in the match designer interface.
C. You can override match designer cutoff thresholds within the QualityStage match stage.
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B. the ProductName attribute
C. the repository file
D. the tempinstalldirectory attribute
Answer: D
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Which of the following is the LEAST effective way to influence the factors that create changes to the cost baseline?
A. Eliminate the scope causing the most changes.
B. Notify all stakeholders that no more changes will be allowed.
C. Explain to those requesting changes the negative impact of change to the project.
D. Review the project scope with the functional manager responsible for the greatest
number of requested changes.
Answer: B
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