In Year 1 a Contractor Agrees to Build a Building

question 73

Multiple Choice

In year 1 a contractor agrees to build a building for $2,500,000 by the end of year 2.The builder's cost is estimated to be $1,800,000.The actual costs year 1 are $900,000 and year 2's actual costs are $1,100,000.Under the percentage of completion method year 1's gross profit is

• A)$0.
• B)$300,000.
• C)$350,000.
• D)$700,000.

---

Definitions:

Lat

Term for a side view, especially in X-rays or scans, highlighting structures in a plane parallel to the ground; offers a different perspective from the first definition.

Ba

Likely an abbreviation for Barium, a radiopaque contrast agent used in radiological imaging to visualize parts of the gastrointestinal tract.

Oscill/o

A combining form representing oscillation, used in terms involving back-and-forth movements.

Radi/o

A prefix in medical terminology that refers to radiation or radioactivity.