Firm X decided to construct a new building for their corporate headquarters. The company made three separate $1,000,000 expenditures related to the construction. The first was expenditure was made on 1/1/1, the second on 7/1/1, and the third on 10/1/1.

To help finance the construction, Firm X took out a 5-year, 12% loan for $1,200,000. Assume the weighted-average interest rate on all the firm’s other debt is 10%.

On 3/1/2, the firm makes an additional $300,000 expenditure related to the construction of their building. Construction is completed on 9/30/Yr2. Firm X incurred $500,000 of interest costs on all its debt during Year 2. Calculate Firm X’s avoidable interest for Year 2

Hawkins Corporation began construction of a motel on March 31, 2021. The project was completed on April 30, 2022. No new loans were required to fund construction. Hawkins does have the following two interest-bearing liabilities that were outstanding throughout the construction period:

$4,100,000, 6% note
$16,740,000, 10% bonds

Construction expenditures incurred were as follows:

The company’s fiscal year-end is December 31.

Required:
Calculate the amount of interest capitalized for 2021 and 2022. (Round weighted average interest rate to 2 decimal places and final answers to the nearest whole dollar.)

Q No Saad & co Builders need to acquire the use of a construction machinery for construction business and are considering buying or leasing a machinery. The construction machine costs Rs. 10 Million and is subject to the straight-line method of depreciation to a zero-salvage value at the end of 5 years. In contrast, the lease rent is Rs 2.5 Million per year to be paid for 5 years. If the asset is purchased, the bank would lend Saad Builders the 10 million at a rate of 12% each year on a 5-year, simple interest loan. The firm would have to pay interest at the end of each year for 5 years and return the 10 million of principal at the end of Year 5. The company is in the 30% tax bracket. Should it lease or buy the construction machine?

#1 You are overseeing the plans for construction of a new highway. Someone proposes using cheaper, substandard materials to control/treat water flowing off the construction site. The water on the construction site contains measureable concentrations of sediments, oils from vehicles, heavy metals, and components of asphalt. A recreational lake is nearby and downgradient from the construction site. This is a substantial slope (10% grade) across the site.

Parts pertaining to #1:

a) LIST the three pillars of sustainability and EXPLAIN how this issue connects to each pillar.

b) Assuming you are a licensed engineer, what is your ethical obligation to the public AND other licensed engineers working on this job? [Your response should cover ethical obligations to both parties.]

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McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,150,000; 40% of the customers pay on the 10^th day and take discounts, while the other 60% pay, on average, 90 days after their purchases. Assume 365 days in year for your calculations.

1. What is the days sales outstanding? Round your answer to two decimal places.
     days
2. What is the average amount of receivables? Round your answer to the nearest cent. Do not round intermediate calculations.
   $
3. What is the percentage cost of trade credit to customers who take the discount? Round your answers to two decimal places.
   %
4. What is the percentage cost of trade credit to customers who do not take the discount and pay in 90 days? Round your answers to two decimal places. Do not round intermediate calculations.

   Nominal cost:	%
   Effective cost:	%

JOURNAL ENTRY WORKSHEET

a(1). Record the cash sales of $620,000.

a(2). Record the cost of goods sold of $289,350.

b(1). Record the return by a customer of unsatisfactory merchandise that was in perfect condition. A cash refund of $5,400 was given to the customer.

b(4). Record the merchandise returned by the customer back into inventory. The original cost of the merchandise was $3,500.

c(1). Record the sales on account of $11,400 on terms 2/10, n/30.

c(2). Record the cost of goods sold of $6,840.

d. Record the collection of half of the balance of $5,586 owed by the customer within the discount period.

e. Record the allowance of $1,750 to the customer.

Two lab partners, Mary and Paul are both farsighted. Mary has a near point of 6.7 cm from her eyes and Paul has a near point of 130 cm from his eyes. Both students wear glasses that correct their vision to a normal near point of 25.0 cm from their eyes, and both wear glasses 1.80 cm from their eyes. In the process of wrapping up their lab work and leaving for their next class, they get their glasses exchanged (Mary leaves with Paul's glasses and Paul leaves with Mary's glasses). When they get to their next class, find the following.

(a) Determine the closest object that Mary can see clearly (relative to her eyes) while wearing Paul's glasses. m

(b) Determine the closest object that Paul can see clearly (relative to his eyes) while wearing Mary's glasses. m

1) For a concave mirror at what object distance does the associated image transition between upright and inverted?

2) As the object distance increases through the distance you answered in part one does the image transition from upright to inverted or from inverted to upright?

3) For object distances slightly less than the distance you answered in part one is the image location near or far from the mirror and is it in front of or behind the mirror?

4) For object distances slightly more than the distance you answered in part one is the image location near or far from the mirror and is it in front of or behind the mirror?

5) For distances near to the distance you answered in part one is the image reduced or enlarged and is it reduced or enlarged by a small or large amount?

6) Which type of lens exhibits a similar behavior, converging or diverging?