Brisebois Engineering Ltd Actual Results Required:
A) Calculate the Revenue, Expense, and Profit for Each

question 17

Essay

Brisebois Engineering Ltd.signed a contract to build a bridge and traffic interchange for three
small municipalities.Construction will occur over a four-year period.The following data pertain to the contract and subsequent construction: $\begin{array}{lll}\text { Contract price: } & \$ 1,750,000 \\\text { Estimated costs: } & 1,250,000 \text { (remained unchanged throughout contract period) }\end{array}$ Actual Results: $\begin{array}{lll}\text { Year } & \text { Costs } & \text { Receipts }\\1 & \$ 650,000 & \$ 205,000 \\2 & \$ 325,000 & \$ 137,000 \\3 & \$ 200,000 & \$ 600,000 \\4 & \$ 75,000 & \$ 408,000\end{array}$ Required:
A) Calculate the revenue, expense, and profit for each of the four years using the:
i.Cost recovery method
ii.Percentage of completion
B) Calculate the gross profit margin for each year under each alternative

• A) Calculate the revenue, expense, and profit for each of the four years using the:
• i.Cost recovery method
• ii.Percentage of completion
• B) Calculate the gross profit margin for each year under each alternative

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Definitions:

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A process in behavior psychology that increases the likelihood of a behavior by following it with a positive or negative stimulus.

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Environmental events are occurrences within the natural world that impact ecosystems, weather patterns, and the environment, such as natural disasters or climate change.

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The way in which an individual acts or conducts oneself, especially towards others.