Higher Education is hereby authorized to execute and administer contracts for. construction, repair, renovation, and maintenance projects, including all. aspects of project management, design, construction, and legal and. administrative services related to and necessary for the completion of projects.
What is 'Annualized Income' Annualized income is an estimate of the amount of money that an individual or a business generates over the course of a year. Annualized income is calculated with less than one year's worth of data, so it is only an estimate of total income for the year, and annualized income figures can be helpful for creating budgets and making estimated income tax payments.
Deferred revenue is a liability account found on the company's balance sheet. The balance represents advance payments received from customers for products that will be shipped or services that will be performed in the future.t the end of September, the balance in the deferred revenue account will be $5,500, the total advance payment for the contract minus the services provided in the first month that are now recognized in revenue.