value of work certified-500000 cost of work to date-400000. cost of work not yet certified-100000. Notional profit is??
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notional profit is 100000
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Answer:
Notional profit is 100000.
Explanation:
Notional profit is an estimate of earnings primarily used in the building and construction industry. It is used to smooth out fluctuations in reported revenue due to contracts that take a long time to complete.
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