Why are my numbers wrong??? Brady Construction Company contracted to build an ap

Question

Why are my numbers wrong???

Brady Construction Company contracted to build an apartment complex for a price of dollar 5,000,000. Construction began in 2016 and was completed in 2018. The following is a series of independent situations, numbered 1 through 6, involving differing costs for the project. All costs are stated in thousands of dollars. Required: Complete the following table. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar. Negative amounts should be indicated by a minus sign.)

Explanation / Answer

Calculation revenue recognised in 2016

Amount in thousands $

Situation Cost incurred((A) estimated cost yet to be incurred Tota cost(B) Total revenue(C) Revenue to be recongised(A*C/B) 1 1,500 3,000 4,500 5,000 1,666.67 2 1,500 3,000 4,500 5,000 1,666.67 3 1,500 3,000 4,500 5,000 1,666.67 4 500 3,500 4,000 5,000 625 5 500 3,500 4,000 5,000 625 6 500 4,600 5,100 5,000 490.196

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