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Kojak Construction manufactures beachfront homes in Florida, often for an average list price of $3 million. When it manufactures a home it typically exhibits the following cost and cash flow activity. Assume that all costs incurred were paid in the same period.

(in $ thousands)

PERIOD                       RECEIPTS COSTS                   INCURRED

1                                 1000                         600

2                                 600                                800

3                                  400                                   400

4                               1000                                         200

Question 1: If Kojak builds a home and then sells it upon completion to a new customer, what is its revenue in Period 4?

Reference no: EM132503278

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