X Corp recorded the following journal entry for a long-term project during the year ended December, 2022: CIP 124,860 Expenses 392,140 Revenues 517,000 The project was started in 2021. It was 45% complete at the end of 2021. It is 92% complete at the end of 2022. X Corp at the end of 2022 expects the lifetime gross profit on the project to equal $258, 000. Please identify the following:1) What is the total sales price of the project?2) What was the credit to revenue in 2021? 3) What did X Corp believe the project's lifetime gross profit would be at the end of 2021?

How do I do number 2 ?

88 MULTIPLE CHOICE Question 6 Listen If f(x)= and g(x) = x²-16, then what is the value of f(g(4))? A 0 B 4 C undefined

Problem 9-25 Fudge factors An oil company executive is considering investing $10.1 million in one or both of two wells: well 1 is expected to produce oil worth $3.01 million a year for 10 years; well 2 is expected to produce $2.01 million for 15 years. These are real (inflation-adjusted) cash flows. The beta for producing wells is 0.91. The market risk premium is 9%, the nominal risk-free interest rate is 7%, and expected inflation is 3%. The two wells are intended to develop a previously discovered oil field. Unfortunately there is still a 21% chance of a dry hole in each case. A dry hole means zero cash flows and a complete loss of the $10.1 million investment. Ignore taxes and make further assumptions as necessary. a. What is the correct real discount rate for cash flows from developed wells? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Real discount rate b. The oil company executive proposes to add 20 percentage points to the…