Blue co. had the following first-year amounts related to its $12,000,000 construction contract: actual costs incurred and paid $ 3,000,000 estimated remaining costs to complete 6,000,000 progress billings 3,500,000 cash collected 3,100,000 assuming the contract qualifies for revenue recognition over time, what total amount (excluding cash) should blue co. recognize as current assets at year end?

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value