Key definition:
the four types of agglomeration economics
Resources Vs Market oriented firms
central park theory
labor pooling
urban utility curve
In: Economics
In: Economics
Key definition:
the four types of agglomeration economics
Resources Vs Market oriented firms
central park theory
labor pooling
urban utility curve
In: Economics
In: Civil Engineering
How can a hotel sales representative identify who is responsible for purchasing meeting space, banquets, and rooms for corporate travelers in the corporate headquarters of an insurance company?
In: Accounting
Trilogy Construction, Inc. is considering purchasing a new piece of machinery that would save it $40,000 a year in annual labor costs. The machine would cost $130,000 and is expected to last 5 years and have a $10,000 salvage value. The company’s cost of capital is 8%. A) What is the machine’s net present value? B) Should the company buy the machine? Use the TVM tables and please show your work.
In: Accounting
Swifty Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment. Abstract company’s fee for title search $936 Architect’s fees 5,706 Cash paid for land and dilapidated building thereon 156,600 Removal of old building $36,000 Less: Salvage 9,900 26,100 Interest on short-term loans during construction 13,320 Excavation before construction for basement 34,200 Machinery purchased (subject to 2% cash discount, which was not taken) 99,000 Freight on machinery purchased 2,412 Storage charges on machinery, necessitated by noncompletion of building when machinery was delivered 3,924 New building constructed (building construction took 6 months from date of purchase of land and old building) 873,000 Assessment by city for drainage project 2,880 Hauling charges for delivery of machinery from storage to new building 1,116 Installation of machinery 3,600 Trees, shrubs, and other landscaping after completion of building (permanent in nature) 9,720 Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation. Company uses net method to record discount. (Please leave spaces blank if there is no answer. Do not enter zeros in those spaces.) Land Buildings Machinery and Equipment Other Abstract company’s fee for title search $ $ $ $ Architect’s fees Cash paid for land and old building Removal of old building Interest on short-term loans during construction Excavation before construction for basement Machinery purchased Freight on machinery purchased Storage charges on machinery New building constructed Assessment by city for drainage project Hauling charges Installation of machinery Trees, shrubs, and other landscaping $ $ $ $
In: Accounting
Exercise 10-5
Ben Sisko Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment.
Abstract company’s fee for title search $520
Architect’s fees 3,170
Cash paid for land and dilapidated building thereon 87,000
Removal of old building $20,000
Less: Salvage 5,500 14,500
Interest on short-term loans during construction 7,400
Excavation before construction for basement 19,000
Machinery purchased (subject to 2% cash discount, which was not taken) 55,000
Freight on machinery purchased 1,340
Storage charges on machinery, necessitated by noncompletion of
building when machinery was delivered 2,180
New building constructed (building construction took 6 months from
date of purchase of land and old building) 485,000
Assessment by city for drainage project 1,600
Hauling charges for delivery of machinery from storage to new building 620
Installation of machinery 2,000
Trees, shrubs, and other landscaping after completion of building
(permanent in nature) 5,400
Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation. Company uses net method to record discount. (Please leave spaces blank if there is no answer. Do not enter zeros in those spaces.)
Land Buildings Machinery and Equipment Other
Abstract company’s $ $ $ $
fee for title search
Architect’s fees
Cash paid for land and old building
Removal of old building
Interest on short-term loans during construction
Excavation before construction for basement
Machinery purchased
Freight on machinery purchased
Storage charges on machinery
New building constructed
Assessment by city for drainage project
Hauling charges
Installation of machinery
Trees, shrubs, and other landscaping
In: Accounting
(Related to Checkpoint 18.2) (Calculating the cost of short-term financing) The R. Morin Construction Company needs to borrow $90,000 to help finance the cost of a new $135,000 hydraulic crane used in the firm's commercial construction business. The crane will pay for itself in one year, and the firm is considering the following alternatives for financing its purchase: Alternative A. The firm's bank has agreed to lend the $90,000 at a rate of 12 percent. Interest would be discounted, and a 15 percent compensating balance would be required. However, the compensating-balance requirement is not binding on the firm because it normally maintains a minimum demand deposit (checking account) balance of $22 comma 500 in the bank.
Alternative B. The equipment dealer has agreed to finance the equipment with a 1-year loan. The $90,000 loan requires payment of principal and interest totaling $104,436.
a. Which alternative should Morin select?
b. If the bank's compensating-balance requirement had necessitated idle demand deposits equal to 15 percent of the loan, what effect would this have had on the cost of the bank loan alternative?
a. The cost of Alternative A would be ______%. (Round to two decimal places.)
In: Finance
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals.
A random sample of 35 home theater systems has a mean price of $144.00. Assume the population standard deviation is $15.90.
A. Construct a 90% confidence interval for the population mean.
The 90% confidence interval is (__,__)
In: Statistics and Probability