On january 1, year 1, big co. enters into a contract with a customer to build a bridge on the customer’s land for $2,500,000. the construction of the bridge is expected to be completed at the end of year 3. big determines that the progress toward completion of the bridge is reasonably measurable using the input method based on costs incurred. at contract inception, big estimates that the expected total cost of construction will be $1,700,000. below are the (1) actual costs incurred during each year, (2) expected costs to complete the construction, and (3) amounts billed to the customer:

Select the word from the list that best fits the definition sometimes

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805

Arecession is defined as a period in which