Yang Construction Company Entered into a Contract to Build a New

question 38

Multiple Choice

Yang Construction Company entered into a contract to build a new airport terminal for $2,500,000. Construction commenced on August 1, 2011, with a planned completion date of December 31, 2013. A summary of the costs, billings, and collections is provided below: Yang uses the percentage of completion method. How much gross profit would Yang recognize in 2012?

• A)$100,000 loss
• B)$75,000 loss
• C)$50,000 profit
• D)$100,000 profit

Recognize the role of nursing practice in developing, testing, refining, and discovering nursing theories.

Comprehend the primary purpose of nursing theory in the development and advancement of nursing as a discipline.

Identify the historical relationship between nursing and the medical model.

Appreciate the value of collaborative work among nurses and the shared values within the profession.

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Definitions:

Present Value

The valuation today of a future financial sum or series of cash movements, taking into account a predetermined return rate.

Future Value

The estimated value of a current asset or amount of money at a specified date in the future, taking into account factors like interest rates or stock growth.

Present Value

The present-day valuation of a future sum of money or cash flow series, assuming a particular rate of earnings.

Compound Interest

Interest that is computed on both the original principal amount and the interest that has been added to it from past periods, for either a loan or deposit.