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.
Accrued revenue (or accrued assets) is an asset such as proceeds from a delivery of goods or services, at which such income item is earned and the related revenue item is recognized, while cash for them is to be received in a latter accounting period, when its amount is deducted from accrued revenues.hey both determine the accounting period, in which revenues and expenses are recognized. According to the principle, revenues are recognized when they are realized or realizable, and are earned (usually when goods are transferred or services rendered), no matter when cash is received.