This question isn’t graded – it is just a reminder that if you used scratch paper, you need to show it to your webcam before you submit this exam! 🙂

On December 31 of the current year, State Construction Inc. (“the company”) signs a contract with the state of West Virginia Department of Transportation to manufacture a bridge over the New River. The company anticipates the construction will take three years.   The company’s accountants provide the following details relating to the project:  Contract price,  $624 million Estimated constructions costs (in total),  $480 million Estimated total profit,  $144 million During the three-year construction period, State Construction incurred actual construction costs as follows:  Year 1,  $  48 million Year 2,  $288 million Year 3,  $144 million (Actual total costs equaled the estimated total of $480 million.) Assume the contract meets the criteria for revenue recognition over time, and State Construction uses the cost-to-cost method to recognize revenue. Which of the following represents the amount of revenue State should recognize in Year 1, Year 2, and Year 3, respectively? 

Upper motor neurons release neurotransmitter onto the input region of neurons in the:

Sales for the year = $296,024, Net Income for the year = $22,965, and average Assets during the year = $163,628. Return on Assets (ROA) for the year is and profit margin for the year is . Round your percentages to one decimal place (i.e., XX.x%).

On January 1, Fairfield Company purchases equipment for $256,000. The equipment has an estimated useful life of 10 years and expected salvage value of $24,000. The company uses straight-line depreciation. Four years later, economic factors cause the fair value of the equipment to decline to $120,000. On this date, Fairfield examines the equipment for impairment and determines that the equipment’s undiscounted expected cash flows amount to $136,000. a. What is the annual depreciation expense related to this equipment? b. What is the equipment’s book value (aka, net book value) at the end of the fourth year? c. Apply the given information. Is the equipment impaired at the end of the fourth year?

A nurse is assessing a 2-year-old child with suspected acute otitis media. Which of the following assessment findings is most consistent with this condition?

A child with coarctation of the aorta, an obstructive disorder, is admitted. Which of the following is the nurse’s priority intervention?

A pregnant client at 32 weeks gestation is receiving nifedipine as a tocolytic to suppress preterm labor. What is the primary side effect the nurse should monitor for?

The nurse is providing education to the parents of a child newly diagnosed with Type 1 diabetes. Which statement by the parents indicates the need for further teaching?

A nurse is providing care for a child diagnosed with rheumatic fever. The nurse should closely monitor the child for which of the following complications?