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How much cash remains to be collected by CCC on the project

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Reference no: EM132916550

Question - Consider the following information:

Accounts receivable, 12/31/2018 (from construction progress billings) $37.5

Actual construction costs incurred in 2018 $135

Cash collected on project during 2018 $105

Construction in progress, 12/31/2018 $207

Estimated percentage of completion during 2018 60%

Required - How much cash remains to be collected by CCC on the project?

a. $240 million

b. Cannot be determined from the given information.

c. $202.5 million

d. $70 million

Reference no: EM132916550

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