Refer to the EZ Electronics annual report above. Using vertical analysis, 2010 income tax expense would be represented as ________

The Simpson Construction Company recognizes revenue over time according to percentage of completion for its long-term construction contracts. In 2016, Simpson began work on a construction contract. Information on this contract at the end of 2016 is as follows: What is the contract price (total revenue) on this contract?

A) $7,000,000 B) $8,750,000 C) $7,500,000 D) $9,000,000

Which of the following statements regarding real options is NOT correct?

A) Real options should only be exercised when they increase the NPV of a project. B) Real options enhance the forecast of a project's expected future cash flows by incorporating, at the start of the project, the effect of decisions that will be made at a later date. C) Real options give owners the right, but not the obligation, to exercise these opportunities at a later date. D) Real options build greater flexibility into a project and thus increase its net present value (NPV).