Thursday 7 May 2015

Brady Construction Company contracted to build an apartment complex for a price of $5,000,000. Construction began in 2013 and was completed in 2015. The following are a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars.

Brady Construction Company contracted to build an apartment complex for a price of $5,000,000. Construction began in 2013 and was completed in 2015. The following are a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars.
   
              Estimated Costs to Complete
  Costs Incurred During Year (As of the End of the Year)
Situation 2013  2014  2015  2013  2014  2015 
1 1,500   2,100   900   3,000   900   —    
2 1,500   900   2,400   3,000   2,400   —    
3 1,500   2,100   1,600   3,000   1,500   —    
4 500   3,000   1,000   3,500   875   —    
5  500   3,000   1,300   3,500   1,500   —    
6 500   3,000   1,800   4,600   1,700   —    


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