Shosh Bedrosian joined CBS News New York as a reporter in March 2023, focusing her reporting on the Bronx. NEW YORK -- The Bronx will be down to just one movie theater for the entire borough after the Concourse Plaza Multiplex Cinemas closes.
The percentage of completion method is a revenue recognition accounting concept that evaluates how to realize revenue periodically over a long-term project or contract. Revenue, expenses, and gross profit are recognized each period based on the percentage of work completed or costs incurred.
A Fixed Bid project is billed using a flat amount, regardless of the number of hours worked. This flat amount can be applied to the project as a whole, or to each week or month of the project.