Franklin Construction entered into a fixed-price contract to build a freeway-connecting ramp for $54 million. Construction costs incurred in the first year were $44 million and estimated remaining costs to complete at the end of the year were $27 million. How much gross profit or loss will Franklin recognize in the first year if it recognizes revenue over time according to percentage of completion method

Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.