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LoveSchool5617
29.08.2020 •
Business
On a statement of cash flows for a pizza restaurant, the cash flows from investment activities section would include:
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Ответ:
$2.5 million
Explanation:
Conrad construction estimated its total costs at $16 million and a gross profit of $4 million (25% of costs incurred).
If the company incurred in $2 million costs during this year, it can estimate its gross profit at $500,000.
So the total revenue that it should report for the year is $2.5 million (= $2 million + $0.5 million)