None of the above In Spring 2018 Parmac Engineering Company

None of the above In Spring 2018, Parmac Engineering Company signed a $160 million contract with the city of Parkersburg, to construct a new city hall. Parmac expects to construct the building within two years and incur expenses of $120 million. The city of Parkersburg paid $40 million when the contract was signed $80 million within the next six months, and the final $40 million exactly one year from the signing of the contract. Parmac incurred $48 million in costs during 2018 and rest in 2019 to complete the contract on 2) (4pts) time. Using the percentage-of-completion method how much revenue should Parmac recognize in 2018? $64 million $120 million $80 million $40 million None of the above 23) Life Technologies Corporation and Affymetrix Inc. are competitors in the life sciences and clinical (4pts) healthcare industry. Following is a table of Total revenue and R&D; expenses for both companies (in thousands) Life Technologies Corporation Affymetrix Inc 2020 2019 2018 2020 20192018 Total $3.798 510 $3.775.672 $3.588.094 $295.623 $267.474 $310.746

Solution

22)

Cost = $48 million

Total Cost = $120 million

% of Cost = $48 million / $120 Million = 40%

Revenue = % of Cost * Total Revenue

= 40% * $160 million

= $64 million

The Answer is \" $64 million\"

24) Yahoo! common sized product development expense for 2018 :-

= Product Development Expense of 2018 / Revenue of 2018

= $919.4 million / $4984.2 million

= 0.18446 or 18.45%