Pensacola Building Co. signed a contract to build a road over a period of three years for a price of $600,000. Information relating to the performance of the contract is summarized below: 
Required: 
Definitions:
Global Media Environment
Refers to the worldwide landscape of communication technologies, media platforms, and content that transcends national borders, influencing global culture, politics, and society.
Primarily Digital-Electronic
Pertaining mostly to technology that uses discrete signals for information processing and communication.
Gini Index
The Gini Index is a statistical measure used to gauge economic inequality within a country, representing the income or wealth distribution among that country’s residents.
Income Inequality
The unequal distribution of income within a population, resulting in a gap between the richest and poorest individuals or households.
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