Beck Construction Company began work on a new building project on January 1, 2020. The project is to be completed by December 31, 2022, for a fixed price of $187 million. The following are the actual costs incurred and estimates of remaining costs to complete the project that were made by Beck's accounting staff: Years Actual costs incurred in each year Estimated remaining costs to complete the project (measured at Dec. 31 of each year) 2020 $ 50 million $ 100 million 2021 $ 85 million $ 85 million 2022 $ 55 million $ 0 Required: What amount of gross profit (or loss) would Beck record on this project in each year, assuming that Beck recognizes revenue for this project upon completion of the project

Solution:

Computation of % , revenue recognition and gross profit - Beck construction (In millions )

Year     Actual cost incurred (A)

2020         $ 50

2021          $ 85

2022         $ 55

Year     Total cost incurred till date (B)

2020         $ 50

2021          $ 135

2022         $ 190

Year     Total Estimated cost (C)

2020         $ 150

2021          $ 220

2022         $ 190

Year     % of completion (D) (B/C)

2020         33%

2021          61%

2022         100%

Year     Contract price (E)

2020        $187

2021         $187

2022        $187

Year     Total revenue to be recognised (F) ( E*D)

2020        $62

2021         $114

2022        $187

Year     Revenue for current period (G)

2020        $62

2021         $52

2022        $73

Year     Gross Profit (H) (G-A)

2020        $12

2021         $-33

2022        $18

among other factors, composers started writing dynamic markings in their scores because "new instruments allowed for more dynamic ranges and contrast."

dynamics allude to the loudness or softness of music. dynamics offer an approach to demonstrate articulation in sheet music. they to drive the enthusiastic substance of music through volume and force. maybe you could alter both the volume and the shading profundity on your screen at the same time. we can likewise think about the force side of elements as the quality of a note. a few notes are intended to be played delicately and gently, while others are intended to be played all the more firmly.  

some dynamics markings have a letter 'm,' which remains for mezzo, signifying 'medium.' so a mezzo piano unique stamping resembles this (mp) and intends to play medium calm, while a mezzo specialty dynamic resembles this (mf) and intends to play medium loud.

the amount of money you earn by working is your income.

the percentage of people actively looking for a job is called unemployment.