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Assume That Playground Corp

question 24

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Assume that Playground Corp. has agreed to construct a new playground for Township County for $2,300,000 dollars. Construction of the new playground will begin on March 17, 2007 and is expected to be completed in August 2008. At the signing of the contract Playground Corp. estimates that the it will cost $1,600,000 dollars to build the playground. At the end of 2007 Playground provided the following information about the project:
Assume that Playground Corp. has agreed to construct a new playground for Township County for $2,300,000 dollars. Construction of the new playground will begin on March 17, 2007 and is expected to be completed in August 2008. At the signing of the contract Playground Corp. estimates that the it will cost $1,600,000 dollars to build the playground. At the end of 2007 Playground provided the following information about the project:   What percentage is playground complete? A)  62.5% B)  43.5% C)  55.6% D)  50.0% What percentage is playground complete?

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Definitions:

Trench Rollback

Process by which a dense oceanic plate subducts into the asthenosphere, sinks, and tends to bend or roll away from the island arc.

Back-arc Rifting

A geological process occurring behind a volcanic arc, involving the stretching and cracking of the Earth's crust, leading to the formation of a new ocean basin.

Island Arcs

Curved chains of volcanic islands that are usually situated along the edge of a tectonic plate, created by the subduction of an oceanic plate beneath another plate.

Island Arcs

Curved chains of volcanic islands that form along the boundaries of Earth's tectonic plates, generally over a subducting plate.

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