Mandy is going to a four year universily and is completing classes When she graduates, she is planning on starting a job in the Energy career cluster. Which job will Mandy most likely be applying for?

A) Power Line Repairer
B) Nuclear Power Reacter Operater
C) Electrician
D) Petroleum Enginner​

Answers

Answer 1

Answer:

D) Petroleum Engineer

Explanation:

A power line repairer only needs an associates degree (2 years of college). Nuclear Power Reactor Operator only needs a high school degree (more or less) An Electrician only needs a high school degree (more or less) And Petroleum Engineers have a Bachelors degree aka 4 years of college.

Sorry if I was to late to answer your question but I hope it can at least help someone else :)

Answer 2

Answer:

D

Explanation:

i took the unit test


Related Questions

Old Time Savings Bank pays 3% interest on its savings accounts. If you deposit $3,000 in the bank and leave it there: (Do not round intermediate calculations. Round your answers to 2 decimal places.) a. How much interest will you earn in the first year?

Answers

Answer:

Interest= $90

Explanation:

Giving the following information:

Initial investment= $3,000

i= 3%

Number of periods= 1

First, we need to calculate the future value, using the following formula:

FV= PV*(1+i)^n

FV= 3,000*1.03= $3,090

Now, the interest earned:

Interest= 3,090 - 3,000

Interest= $90

A bank estimates that their average balance on demand deposit accounts is $3,500, net of float. Each account costs the bank $250 per year in processing costs. The bank collects an average of $10 per month on each account in service charges. Assume reserve requirements are 10%. What is the net cost of an average demand deposit

Answers

Answer:

4.1%

Explanation:

Net cost of average demand deposit is computed as;

Net cost = (Non interest expense - Non interest income) / [Average balance × (1-RR)]

Annual non interest income= 12 × $10 = $120

Non interest expense = $250

Average balance = $3,500

RR = 10%

Therefore,

Net cost = ($250 - $120) / [$3,500 × (1-0.10)]

Net cost = $130 / $3,150

Net cost = 4.1%

Tyler wants to brand the new location with the service-oriented environment, providing timely and quality service for its customers. He believes that the use of technology would not only create that environment, but also show customers a well-managed business using technology. What alternatives could fulfill this branding for a restaurant? Should they use handheld devices to process customer orders at the tables? Would this be an efficient method of entering orders? What types of devices could be used?

Answers

Explanation:

For a restaurant, there are many technology options available to improve the quality of services for customers. Some interesting strategies to achieve Tyler's goal could be the development of a restaurant-specific application, where the customer can make reservations quickly, access the menu, place an order in advance or leave feedback on the products and services offered by the restaurant.

Using portable devices to process customer orders at tables could also be an efficient alternative for order entry, such as tablets or some software spread around the restaurant that would allow the customer to choose whether they prefer automated or personal service.

To be successful strategies, Tyler should conduct a survey and analyze the tastes and preferences of his potential audience, as there are more traditional restaurants frequented by an audience that still prefers personalized service by an employee who gives him tips and recommendations on the dishes served and wines for example.

It is also ideal to train the team so that new technologies are used well and the quality of service is faster and quality.

If someone drank a six pack beer ($10) everday for ten years what would the opportunity cost be relative to putting that same money in a stock fund earning 7%

Answers

uhhhhhh probably 70 idek tbhhh i’m sorry

An equivalent description of the holding of a receive-floating pay-fixed swap is as follows: A. An exchange of a long position in a fixed-rate bond for a short position in a floating-rate note. B. A portfolio of long positions in forward-rate agreements (FRAs) for each swap payment date, all at the same fixed rate as the swap. C. All of the above. D. A bond that pays the fixed rate minus the floating rate each period.

Answers

Answer:

The correct answer is

A)  An exchange of a long position in a fixed-rate bond for a short position in a floating-rate note.

Explanation:

Swapping a fixed interest for a floating one can occur if the fixed interest tenure in comparison to a floating exchange rate becomes less expensive for the entity who took the loan.

Also executing a swap in interest rates (that is giving up the fixed tenure for the floating tenure) helps to ensure that liabilities are kept at minimum whilst assets are maximised.

It is important to note that the capital remains unmodified.

Cheers

Epiphany is an all-equity firm with an estimated market value of $400,000. The firm sells $275,000 of debt and uses the proceeds to purchase outstanding equity. Compute the weight in equity and the weight in debt after the proposed financing and repurchase of equity. Group of answer choices 0.31, 0.69 0.34, 0.66 0.48, 0.52 0.69, 0.31

Answers

Answer:

Epiphany

Weight in equity = 0.31

Weight in debt = 0.69

Explanation:

a) Data and Calculations:

Estimated market value of equity = $400,000

Debts = $275,000

Net equity after debt = $125,000

Weight in equity = $125,000/$400,000 = 0.31

Weight in debt = $275,000/$400,000 = 0.69

b) The weight in equity shows the relationship between the equity and the total capital (equity and debt) in use in Epiphany after the sale of debt and repurchase of outstanding equity.

c) The weight in debt shows the relationship between the debt capital and the total capital (equity and debt) in use in Epiphany after the sale of debt and repurchase of outstanding equity.

things that can be used to make money in this pandemic like face mask, face shield give me atleast 5 business.​

Answers

Answer:

1.  A Kobe or Chadwick Boseman picture memorial

2. Toilet paper

3.  Paper towels

4.  A device that scares away Karens

5. An app that is similar to tiktok

6.  A Presidential debate muter

7. Killer Hornet Away spray

What is not a principal tool used by government organizations to constrain the activities of businesses and consumers?

Answers

Answer:

The correct answer is:  initiating negative social media campaigns and enacting regulations.

Explanation:

The main tool used by government organizations to restrict the activities of companies and consumers is to enact monetary policy and fiscal policy, which defines the inflation rates that affect companies, workers' income and the economy in general, influencing supply and demand directly.

The other option of the question, on the other hand, is not the main tool used by governmental organizations, since initiating negative campaigns on social networks and enacting regulations would be an unethical attitude and which is not of governmental competence, whose one of the fundamental principles is the impersonality of their actions.

The point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the principle of A. increasing opportunity cost. B. decreasing marginal price. C. total benefits. D. increasing marginal cost. E. decreasing marginal benefit.

Answers

Answer:

E. decreasing marginal benefit.

Explanation:

The law of diminishing marginal utility can be explained as whenever there is rise in the supply of particular goods/services, then the marginal utility falls. Utility in Economics can be regarded as Satisfaction derived from particular goods/services.

Therefore, in the case of the question, point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the principle

decreasing marginal benefit. Because as the consumption of the lemonade increases, marginal utility gotten from

every added units taken will start reducing like that.

Imagine that to preserve the traditional way of life in small fishing villages, a government decides to impose a price floor that will guarantee all fishermen a certain price for their catch.

Using the demand and supply framework, predict the effects on the price, quantity demanded, and quantity supplied.


With the enactment of this price floor for fish, what are some of the likely unintended consequences in the market?


Suggest some policies other than the price floor to make it possible for small fishing villages to continue.

Answers

Answer:

As a result of the price floor, price would increase. As a result, quantity demanded will decrease and the quantity supplied would increase.

Supply would exceed demand and as a result there would be an excess supply of fish.  

As an alternative to the price floor, the government can subsidise the cost of fishing. This would reduce the cost of producing fish

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Task 3: Budget for 25- to 30-year-old Business Professionals

Talk to your mentor, family members, or relatives between the ages of 25-30 and who are

employed to see what their budgets look like. Develop a sample budget for someone aged 25

to 30 years old.

Answers

Answer:

Sample Budget

Salary Income $2515

Rent expense -$900

Food and groceries -$250

Entertainment expense -$85

Shopping -$45

Birthday Party gift -$12

Transportation expense -$150

Home maintenance cost -$320

Tuition cost -$121

Net savings = $632

Explanation:

The mid aged person who is age of 25 to 30 will have different expenses. He will have to budget his monthly income and routine expenses to identify the savings. The sample budget will include different types of household expenses that a person incurs to live. He might have to budget one off expenses such as party cost, gifts etc. He will have to keep track of groceries and food expenses.

Answer:

Iteam                     Sample budget  

Rent/ housing bill               $800

Utility Bills                        $400

Transportation               $80

Groceries                          $150

Clothing expense         $40

Entertainment          $50

Study related costs        $ 100

Savings                                  $200

Pet Care                               $45

Medications                    $35

Insurance & tax         $200

State the method of acknolwdgement​

Answers

Explanation:

A page of acknowledgements is usually included at the beginning of a Final Year Project, immediately after the Table of Contents.

Acknowledgements enable you to thank all those who have helped in carrying out the research. Careful thought needs to be given concerning those whose help should be acknowledged and in what order. The general advice is to express your appreciation in a concise manner and to avoid strong emotive language.

Note that personal pronouns such as 'I, my, me …' are nearly always used in the acknowledgements while in the rest of the project such personal pronouns are generally avoided.

The following list includes those people who are often acknowledged.

Note however that every project is different and you need to tailor your acknowledgements to suit your particular situation.

Main supervisor

Second supervisor

Other academic staff in your department

Technical or support staff in your department

Academic staff from other departments

Other institutions, organizations or companies

Past students

Family *

Friends *

5. The Market Place recently offered 5,000 shares of stock for sale via a Dutch auction. The firm received bids as follows: 500 shares at $22.50; 2,500 shares at $22.20; 3,300 shares at $22; and 5,500 shares at $21. Ignoring all costs, how much will the firm receive from this auction

Answers

Answer:

$110,000

Explanation:

No of Shares   Price   Total number of shares

         500        22.50         500

         2500      22.20       3000

         3300      22.00        6800

         5500      21.00        12300

In Dutch auction, share are allotted from highest no. of share to lowest at the price where all the shares are taken. So in this case, highest number of shares are asked by Bidder D which is 5500 shares (available 5000 shares). The bidder will be getting shares at $22 because this is the price when all the shares were taken.

Hence, the amount the firm will receive from this auction = 5,000 *22 = $110,000

Imagine that Scott has asked your opinion about whether Barcelona should try to reduce involuntary turnover. What is an advantage of the current practice of firing a large percentage of employees?

a. Barcelona can replace less effective performers with better performers.
b. Barcelona can develop a monoculture in which all employees behave similarly.
c. Barcelona saves money on training costs.
d. Barcelona can gain valuable feedback about deficiencies in the company by conducting exit interviews.

Answers

Answer:

a. Barcelona can replace less effective performers with better performers.

Explanation:

As per the conversation i.e. you cant give the training to the people for enthusiastic them as you want to hire them also it is  a transient business

So here you need to fire the old employees who are less effective and hire new employees who are enthusiastic that ultimately benefits the company

Therefore option a is correct

and the same is to be considered

From 2015 to 2016, the overall price level rose from 200 to 220. Over the same period, tuition rates at the local community college rose from $100 to $115 per credit hour. What can be concluded from the rise in tuition relative to overall inflation. EXPLAIN your answer.a) Tuition rates increased at the same rate as inflation
b) Tuition rates increased at a slower pace than inflation
c) Tuition rates increased at a faster pace than inflation
d) Tuition rates and inflation cannot be compared with the numbers given

Answers

Answer:

C

Explanation:

Inflation is a persistent rise in general price level

Rise in Inflation rate = 220 / 200 - 1 = 10%

Rise in tuition fees = 115 / 100 - 1 = 15%

From the calculations, the percentage change in tuition fees is higher than the percentage change in inflation rate

What is the definition of punctual? a. To be accurate. b. Adapting to your surroundings. c. Being on time. d. Having the ability to do more than one task at a time.

Answers

Answer:

c. Being on time.

Explanation:

Punctual is strictly adhering to the time set. A punctual person is never late for meetings or events.  It's on time.

Punctual in making payments means the payments were not delayed. Punctuality refers to the ability to follow a schedule or a timetable.

The government sets a minimum wage above the current equilibrium wage. What effect does the minimum wage have on equilibrium in the labor​ market? What are its effects on consumer​ surplus, producer​ surplus, and total surplus in the labor​ market? ​(Hint: in the labor​ market, workers are​ 'producers' and firms are​ 'consumers'.)

Answers

Question Completion:

A binding minimum wage

does not change

raises

lowers

the market wage and

increases

decreases

does not change

the market employment level.

Answer:

A binding minimum wage

raises

the market wage and

decreases

the market employment level.

Explanation:

This action of the government of setting the minimum wage above the current equilibrium wage will disrupt the equilibrium of labor demand and supply.  Certainly, more labor will be available (the supply side will increase) while the demand for labor by firms or labor consumers will decrease.  This reflects the market dynamics caused by the increased price (in the form of increased minimum wage) and the quantities of labor supplied and demanded.

Corporation A has the following returns for the past three years: 7 percent, 13 percent, and 10 percent. Assume each year return had the same probability (weights of 1/3 each). Calculate the expected return

Answers

Answer:

10.00%

Explanation:

The expected return is the weighted average of all the returns recorded thus far wherein the probability of each return occurring is used as the weight of each return as shown below:

Expected return=sum of (weight* value of return)

Expected return=(7%*1/3)+(13%*1/3)+(10%*1/3)

Expected return=0.023333333 +0.043333333 +0.033333333

Expected return=10.00%

The following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 Beginning Inventory 40 $ 10 July 13 Purchase 200 11 July 25 Sold ( 100 ) $ 14 July 31 Ending Inventory 140 Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under (a) FIFO, (b) LIFO, and (c) weighted average cost. Assume a periodic inventory system is used.

Answers

Answer:

                                                  (a) FIFO             (b) LIFO           (c) weighted

                                                                                                   average cost:

Cost of goods available for sale $2,600            $2,600              $2,600

Ending inventory                            1,540                1,500                  1,516      

Sales                                             $1,400              $1,400                 1,400  

Cost of goods sold                        1,060                 1,100                  1,083  

Gross profit                                    $340                $300                   $317        

Explanation:

a) Data and Calculations:

                                                Units    Unit Cost      Unit Selling       Price

July 1 Beginning Inventory        40          $ 10                                      $400

July 13 Purchase                     200              11                                     2,200

July 25 Sold                           ( 100 )                                $ 14            (1,400)

July 31 Ending Inventory         140

July 31 Goods available          240

Average unit cost = $10.83 ($2,600/240)

FIFO:

Cost of goods available for sale  $2,600 ($400 + $2,200)

Ending inventory                             1,540 (140 * $11)

Sales                                              $1,400 ($14 * 100)

Cost of goods sold                         1,060 (40 * $10 + 60 * $11)

Gross profit                                      $340

LIFO:

Cost of goods available for sale  $2,600 ($400 + $2,200)

Ending inventory                             1,500 (40 * $10 + 100 * $11)

Sales                                              $1,400 ($14 * 100)

Cost of goods sold                          1,100 (100 * $11)

Gross profit                                      $300

Weighted Average:

Cost of goods available for sale  $2,600 ($400 + $2,200)

Ending inventory                             1,516 (140 * $10.83)

Sales                                              $1,400 ($14 * 100)

Cost of goods sold                          1,083 (100 * $10.83)

Gross profit                                      $317

What factors should be considered for a leader when delegating responsibilities to committee members?

a. Politics and personnel

b. Money and connections

c. Trust and respect

d. Character and job code


What should be considered as key elements when planning the logistics of your event?

a) location, contracts, parking

b) date, director, charity

c) date, location, budget

d) location, budget, profit


What should you do during the development phase regardless of the type of event you are implementing?

a) identify your goals and objectives

b) identify the charity for the event profits

c) identify the location of the event

d) identify who will be the master of ceremonies


Which responsibility best describes the responsibility of the media or marketing director?

a. contracts

b. public relations

c. risk management

d. venue selection

Answers

Answer:

1) Character and job code

2) date, location, budget

3) identify your goals and objectives

4) public relations

Explanation:

When considering a committee member for a certain delegated role, a leader must select a person judged to have impeccable character and whose job code corresponds to the role you want to delegate to him/her.  

When planning the logistics of an event, a suitable date must  be chosen, an accessible and suitable location must be selected and the budget must be fair and manageable.

At the development phase of event planning, the event planner must identify exactly what the goals and objectives of the event are before other factors are considered.

The media or marketing director has the important role of promoting the image of the organization by engaging the public in issues regarding the organization. Hiss/her primary role has to do with public relations.

When a mentally challenged candidate is overlooked by a recruiter even though he possesses skills that are perfect for the job, which perceptual distortion is likely to be experienced by the recruiter?

a. Halo effect
b. Selective perception
c. Ability stereotypes
d. Projection
e. Self-fulfilling prophecy

Answers

The correct answer is C. Ability stereotypes

Explanation:

Ability stereotypes imply incorrect or inaccurate perceptions about people with different abilities including people with intellectual or cognitive disabilities or mentally challenged people. This often means people consider mentally challenged people unable to perform tasks, understand certain information, among others.

This type of stereotyping occurs in the situation presented because the recruiter is not considering a specific candidate because he/she is mentally challenged. However, this condition does not imply the candidate does not have the skills or qualities to be in this job. Indeed, this candidate can be more suitable than an individual with regular intellectual abilities.

Percentage of sales budgeting can also be called _____.


arbitrary budgeting

objective and task budgeting

rule of thumb budgeting

competitive budgeting

Answers

Answer:

promotional budget is set as a percentage of current or anticipated sales

Typical percent of sales is 2%-5%

Explanation:

so I would have to say arbitrary budgeting

Marr Co. had the following sales and accounts receivable balances, prior to any adjustments at year end: Credit sales $10,000,000 Accounts receivable 3,000,000 Allowance for uncollectible accounts (debit balance) 50,000 Marr uses 3% of accounts receivable to determine its allowance for uncollectible accounts at year end. By what amount should Marr adjust its allowance for uncollectible accounts at year end

Answers

Answer:

$140,000

Explanation:

The computation is shown below:

Ending allowance for uncollectible accounts is

= Accounts receivable × Given percentage

= $3,000,000 × 3%

= $90,000

Now the

Adjusted balance is

= Ending allowance for uncollectible accounts + debit balance of Allowance for uncollectible accounts

= $90,000  + $50,000

= $140,000

What employment issue for flexible employees does the Walling v. A.H. Belo Corporation Supreme Court ruling address

Answers

Answer:

Fixed weekly pay

Explanation:

The Walling v. A.H. specified weekly salary for variable employees job challenge for flexible workers Ruling document of the Belo Company Supreme Court. Workers who work varying workweeks receive a set wage, irrespective about how many times per week may work. For starters, if they operated 35 or 40 hours, the employee should receive the same weekly wage. Therefore, the hourly wage of a salaried employee differs depending according to how many hours they work.

1.Processes A, B, C, D, E, and F require service times of 3, 5, 2, 5, 3, and 5. Their arrival times are 0, 1, 3, 9, 10, and 12. What is the average turnaround time, waiting time, response time, and throughput when using SRJF, RR (q

Answers

Answer:

please check attachment for the answers I gave. they are in tabular form

Explanation:


What would be most likely to happen if the discount rate were raised?
A. Depositors would make a run on a bank.
thing
B. Banks would make fewer loans.
C. Creditors would refuse to pay back loans.
D. Banks would stop opening savings accounts.

Answers

Answer:

B. Banks would make fewer loans

Explanation:

The discount rate is the interest rate that commercial banks pay to the Federal Reserve for loans received. Banks usually borrow to cater to their short-term cash-flow requirements. The discount rate is higher than the inter bank rate or the fed funds rate(the rate that banks charge each other for loans).

An increase in the discount rate causes the inter bank rate to rise (the Fed controls both rates). It means commercial banks are borrowing money from the Fed and each other at a higher interest rate. Consequently, commercial banks charge a higher interest rate for loans advanced to customers. An increase in interest rates at the banks discourages customers from borrowing.

stock that has a current price of $25.00, a beta of 1.25, and a dividend yield of 6%. If the Treasury bill yield is 5% and the market portfolio is expected to return 14%, what should MUSS’s stock sell for at the end of an investor's two year investment horizon?

Answers

Answer:

$30.2067

Explanation:

From the given question, using the dividend discount model

[tex]V_0 = \dfrac{D_1}{r - g}[/tex]

where:

r is the Expected return on stock and be calculated as:

Expected return on stock = Risk free rate + Beta × (Expected Market Return - Risk free rate)

Expected return on stock = 5% + 1.25 × (14% - 5%) = 16.25%

However, the current price in this process will b used as the dividend price for all future expenses.

Dividend Yield = Current Dividend/The Share Price

Current dividend D0 = 6% × $25.00 = $1.50

D₁ = D₀ × (1 + g)

D₁ = 1.5 × (1 + g)

Thus, we can now employ the use of the growth dividend model (constant) to determine the value of g as follows:

[tex]25 = \dfrac{1.5 \times (1 + g)}{0.1625 - g}[/tex]

By cross multiply, we have:

4.0625 - 25g = 1.5 + 1.5g

collect like terms, we have:

4.0625 - 1.5 = 1.5g + 25g

2.5625 = 26.5g

Divide both sides by 26.5, we have:

2.5625/26.5 = 26.5g/26.5

g = 9.67%

Similarly, suppose the value for the second year-end to be Y₂;

Then the constant growth dividend model can be computed as:

[tex]Y_2 = \dfrac{D_3}{r - g}[/tex]

where;

D₃ = D₂ × (1 + g)

D₂ × (1 + g) = D₁ × (1 + g) × (1 + g)

D₁ × (1 + g) × (1 + g) = D₀ × (1 + g) × (1 + g) × (1 + g)

D₁ × (1 + g) × (1 + g) = D₀ × (1 + g) × (1 + g) × (1 + g)  = D₀ × (1 + g) × 3

D₃ = 1.5 × (1 + 9.67%) × 3

D₃ = $1.9876

Finally:

[tex]Y_2 = \dfrac{D_3}{r - g}[/tex]

[tex]Y_2 = \dfrac{1.9876}{0.1625 - 0.0967}[/tex]

Y₂ = $30.2067

The following U.S. Treasury bond is listed in the The Wall Street Journal: Rate Mo/Yr Bid Asked 9.50 Oct 38 135:30 136:04 This $1,000 par value bond has 18 years to maturity and makes semi-annual coupon interest payments. If you purchased this bond, what would be the bond's yield to maturity

Answers

Answer:

6.35%

Explanation:

If you purchase this bond you will need to pay $1,000 x 136.04% = $1,360.40

the coupon rate is 9.5% / 2 = 4.75% or $47.50 every six months

the bond matures in 18 years or 36 semiannual periods

yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]

YTM = {47.5 + [(1,000 - 1,360.4)/36]} / [(1,000 + 1,360.4)/2]

YTM = 37.49 / 1,180.2 = 0.031766 x 2 (annual yield) = 0.06353 = 6.35%



HELP PLEASE.


Recent research indicates that it may take only a few minutes to prevent unethical behavior. When workers face a choice between right and

wrong, they are about five times more likely to make the unethical choice when the decision is rushed.* Think about times in your life when you faced a moral decision and made the wrong choice. Did you feel rushed to make the decision? If you had taken more time to think or consult an ethical colleague, would you have made a different decision? (5-7 sentences )

Answers

Answer:

I had once visited a client and he, unusually, offered me a complimentary tip. Somewhere at the back of my mind, it felt off. So I declined. He on the other hand persisted.

Because I wanted to round up the meeting, I eventually accepted and left.

The next day was our weekly in-house academy - a day of the week when we set aside about 2 hours for learning and re-learning.

At that meeting, the HR Executive did a reminder on the value of the organisation, as well as the ethics which guide our operations. There she mentioned categorically that it was prohibited by the company to accept any type of cash gifts from the client or from the insurance companies.

As, soon as the meeting was done, I reported myself to the HR Executive and she advised that I return it and I did immediately, thankfully, the exact note was still in my possession.

I wrote a letter to the client respectfully returning the gift on the grounds that company policy forbade it and that marked the end of that episode.

If I had the company blueprint on ethics at my fingertips, I would have insisted on my initial position not to take the gift.

Cheers

A construction company entered into a fixed-price contract to build an office building for $20 million. Construction costs incurred during the first year were $6 million and estimated costs to complete at the end of the year were $9 million. The company recognizes revenue over time according to percentage of completion. How much revenue and gross profit or loss will appear in the company’s income statement in the first year of the contract? (Enter your answer in whole dollars.)

Answers

Answer:

$2 million or $2,000,000

Explanation:

The computation of the revenue and gross profit or loss will appear in the company’s income statement in the first year is shown below:

= revenue recognized - cost incurred

The Total cost is

= $6 + $9

= $15

And, the revenue recognized is

= $6 ÷ $15 × $20

= $8

So, the gross profit is

= $8 - $6

= $2

hence, the gross profit is $2 million

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