Highrise Constructions Ltd Had a Large Three-Year Project with Total

question 34

Multiple Choice

Highrise Constructions Ltd had a large three-year project with total revenue of $5 000 000 and estimated total costs of $4 200 000.The project was 25 per cent complete at the end of the first year,55 per cent complete at the end of the second year and 100 per cent complete at the end of the third year.Revenues and costs were as estimated.
- How much profit was earned during the third year if the percentage of completion method was used?

• A) $800 000
• B) $440 000
• C) $400 000
• D) $360 000

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Definitions:

Secondary Sex Characteristics

Physical traits that emerge during puberty but are not directly involved in reproduction, such as breast development in females and facial hair in males.

Labia Majora

Two folds of spongy flesh extending from the mons pubis and enclosing the labia minora, clitoris, urethral opening, and vaginal entrance. Also known as outer lips.

Homologous

Describing structures in different species that are similar due to common ancestry, or referring to genetic material that can be exchanged or paired in homologous recombination during cell division.

Scrotum

The pouch of skin containing the testicles and parts of the spermatic cord, playing a role in regulating the temperature for sperm production.