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

question 18

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 completion of production method was used?

• A) $360 000
• B) $440 000
• C) $800 000
• D) None of the above

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Definitions:

Cardiovascular Sounds

The sounds made by the heart and blood within the arteries and veins, often assessed for diagnosing heart conditions.

Trigeminal

Pertaining to the trigeminal nerve, the fifth cranial nerve responsible for sensation in the face and motor functions such as biting and chewing.

Cranial Nerve

One of the twelve nerves that originate in the brain and control sensory and motor functions of the head and neck.

Apical Pulse

The heartbeat as heard with a stethoscope placed on the chest wall at the apex of the heart.