What is the fixed contract price for CCC project

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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 - What is the fixed contract price for CCC's project?

a. $120 million

b. $349.5 million

c. $225 million

d. $345 million

Reference no: EM132916356

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