STATEMENT OF PROFIT OR LOSS Contract 1 Contract 2 Total
Rs.'000 Rs.'000 Rs.'000
Contract revenue 3,300 840 4,140
Contract expenses: (Contract 1: 4,000 X 60%) (2,400) (720) (3,120)
Expected loss recognised (Contract 2) - (170) (170)
Attributable profit/(loss) 900 (50) 850

STATEMENT OF FINANCIAL POSITION
Rs.'000
Current assets
Gross amount due from customers 1,800
Current liabilities
Gross amounts due to customers 210

Find out revenue, profit/loss, Amounts due from customers (contract 1), and Amounts due to customers (contract 2).

What is the best way for the inventor to protect his/her investment if the invention of a new composite material for turbofan blades is susceptible to reverse engineering?

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

Which of the following is an effective strategy when interest rates are falling? a. use long-term loans to take advantage of current low rates. b. use short-term loans to take advantage of lower rates when you refinance a loan. c. deposit to a short-term savings instrumentals to take advantage of higher interest rates when they mature. d.select short-term savings instruments to lock in earnings at a current high rates.