The Profit for a Particular Project of Blue Fin Ltd

question 22

Multiple Choice

The profit for a particular project of Blue Fin Ltd, using the percentage of completion method, was $470 000 for year 1 and $690 000 for year 2 (completion) . What difference would there be to profit for year 1 if the completion of production method were used?

• A) Profit would be $470 000 lower.
• B) Profit would be $470 000 higher.
• C) Profit would be $690 000 higher.
• D) There would be no difference.

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Definitions:

Rumination

The process of continuously thinking about the same thoughts, which are often sad or dark, without reaching any conclusion.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from traumatic events or persistent failure to succeed.

Depression

A common mental disorder characterized by persistent sadness, loss of interest, and a lack of energy or motivation.

Mania

A state of abnormally elevated arousal, affect, and energy level, often indicative of a mental health condition.