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Homework Answers
YEAR 1
ESTIMATED COST = $48 MILLION
COST INCURRED = $18 MILLION
THERE FORE ;; ESTIMATED COST - COST INCURRED
48-18 = $30 MILLION
THAT IS A PROFIT OF $30 MILLION
YEAR 2
ESTIMATED COST = $27 MILLION
COST INCURRED = $28 MILLION
THERE FORE ;; ESTIMATED COST - COST INCURRED
27-28 = -$1 MILLION
THAT IS A LOSS OF $1 MILLION
| YEAR 1 (In Million) | YEAR 2 (In Million) | |
| REVENUE | $30 | 0 |
| PROFIT AND LOSS | PROFIT $30 | LOSS $ 1 |
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