Question 4 Rays Inc. pays Aroz Corp $12,000,000 in December 2022 with a suite of services related to the installation of a new Enterprise Resource Planning system.  The purchase price includes, installation and customization of software, training, and 6 years of customer support.  Installation will occur on 1/1/2023 with customization completed within 90 days of installation.  Training will consist of an introductory 8 hour session in January 2023 and a “power user” 8 hour session in January 2024, and the customer support will be earned evenly over the contract period 1/1/2023-12/31/2028.  When sold separately, these products/services retail for:   Installation:                 $7,000,000 Customization:            $3,875,000 Training:                      $1,250,000 Customer Support       $1,875,000   4)How much revenue will Rays, Inc. report in its 2022, 2023, and 2024 income statements?

Questions 5 – 7 Baker Construction has agreed to build a new apartment building for a price of $65,000,000.  It takes five years to complete the project, and Baker uses the Percentage of Completion Method to account for long-term contracts.  Information on the cost for the first four years are as follows:    Year 1     Year 2      Year 3    Year 4 Cash Cost incurred to date 15,000,000 25,000,000 50,000,000 57,500,000 Estimated future costs 45,000,000 30,000,000 20,000,000 5,000,000 Current year Billings 17,000,000 13,000,000 15,000,000 14,000,000 Current year Cash collect. 14,500,000 16,000,000 15,500,000 16,000,000   5)Please provide the income statement effect of this contract for the end of Year 2.          6)Please provide the income statement effect of this contract for the end of Year 3.          7)Please provide the income statement effect of this contract for the end of Year 4. 

Who created the first intelligence tests?

Robert Sternberg suggested that there are three kinds of intelligence. _____ intelligence is NOT included.

What is the difference between a therapist and a psychiatrist?

Alexa suffers from a developmental disorder that developed from heavy alcohol use by her mother while she was pregnant. Alexa likely suffers from:

Jack is an infant who loves to play peek-a-boo with his father. He seems amazed that his father “reappears” after hiding his face behind his hands. Jack probably enjoys peek-a-boo because he does NOT yet understand:

Gestalt psychologists believed that:

Carrie is working with a patient to uncover the patient’s early experiences as well as to try to bring unconscious anxieties and conflicts into awareness. Carrie’s work is based on which approach?

Which approach to psychology links psychological processes to activities in the brain?