Karr Construction Built a Levee for the State of Mississippi

question 17

Multiple Choice

Karr Construction built a levee for the state of Mississippi over a three-year period. The contracted price for the levee was $3,000,000. The costs incurred by Karr and the payments from the state over the three year period are as follows:
$\begin{array}{|l|c|c|c|r|}\hline & \mathbf{2 0 1 7} & \mathbf{2 0 1 8} & \mathbf{2 0 1 9} & \text { Total } \\\hline \begin{array}{l}\text { Costs incurred by } \\\text { Karr }\end{array} & \$ 600,000 & \$ 800,000 & \$ 200,000 & \$ 1,600,000 \\\hline \begin{array}{l}\text { Payments from } \\\text { Mississippi }\end{array} & \$ 1,200,000 & \$ 800,000 & \$ 1,000,000 & \$ 3,000,000 \\\hline\end{array}$
If revenue is recognized when payments are received, which of the following present the net income amounts reported in 2017, 2018, and 2019, respectively?

• A)$1,200,000; $800,000; $1,000,000
• B)$600,000; $0; $800,000
• C)$800,000; $800,000; $800,000
• D)$600,000; $400,000; $200,000

Recognize the different types of IP addressing and their purposes.

Identify the role and functionality of various Internet communication protocols.

Understand the importance and methods of data encryption and security in networking.

Recognize the functions and purposes of different server types in Internet architecture.

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Definitions:

Low Birthrates

The situation in which the number of live births per 1,000 people in a population is lower than usual, indicating a decline in fertility.

Potential Soldiers

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Living Standards

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographical area.

Population Growth

The increase in the number of individuals in a population, often measured by the rate at which the number of individuals increases in a specific time period.