Question 6
a. Using the example of brick laying in a construction site clearly explain the following:
i. Push or Building-to-stock
ii. Pull or Building-to-order
iii. Push-Pull Point
b. Define Supply Chain Management (SCM). List and explain some of the key benefits and challenges in SCM especially within the context of a Construction Manager.
c. What is Just-in-time (JIT) approach and where did it originate from? How does it help in the reduction/elimination of waste especially in the context of a construction project?
In: Civil Engineering
Q1.
A) List and differentiate the roles between the key players on a construction project.
B) In civil engineering, contractors may be broadly classified as either general or specialists, distinguish the two classes of contractors.
C) In a scenario of a project for construction of high rise lecture rooms building at Mulungushi University, a client, a Consultant and a Contractor are all Civil Engineers. Who is responsible for issuing instructions to the Contractor and explain why? (assignment question)
D) Who is responsible for paying temporal works on a construction site? Give a reason why?
In: Civil Engineering
Miner extracts iron from the earth. A steel mill converts the iron to steel beams for use in construction. A construction company uses the steel beams to make a building. Assume that the total product of these firms represents the only components of the building and that they will have no other uses. Complete the following table:
can you please provide detail work?
| Company | Product | Total Sales | Value Added |
|---|---|---|---|
| Acme Mining | iron ore | $100,000 | ? |
| Fuller Mill | steel beams | $175,000 | ? |
| Crane Construction | building | $1,100,000 | ? |
| Total Value Added | ? |
In: Economics
The cash account for Corey’s Construction Company at August 31, 2020, indicated a book balance of $19,885. The bank statement received by the company indicated a balance of $39,473.63 as at August 31, 2020. A comparison of the bank statement and the accompanying cancelled cheques and memos with the records revealed the following:
Required:
In: Accounting
The cash account for Corey’s Construction Company at August 31, 2018, indicated a book balance of $19,885. The bank statement received by the company indicated a balance of $39,473.63 as at August 31, 2018. A comparison of the bank statement and the accompanying cancelled cheques and memos with the records revealed the following:
A deposit of $6,794.62 was received by the bank on August 31 after the bank statement was prepared.
Cheques #251 for $1,200 and #260 for $1,333.25 were not presented to the bank for encashment as at August 31, 2018.
The bank erroneously debited a cheque drawn Corey’s Construction as $16,000 instead of $1,600.
The company’s accountant recorded a $3,500.00 cheque for payment of accounts payables as $35,000
The bank credited a deposit of $200 as $2,000 to Corey’s Construction account.
A cheque for $13,500 from a customer Ali Woods was returned for insufficient funds. The bank charged $50 for Wood’s NSF cheque. The company’s policy states that the bank charges associated with NSF cheques are to be recovered from the customer.
A note was collected by the bank of $21,000 on August 31 which included interest of $1,500. A debit memo from the bank showed service charge amounting to $2,500 as at August 31, 2018
Required: 1.Prepare the necessary journal entries for Corey’s Construction Company at August 31, 2018.
2.Prepare Corey’s Construction Company adjusted cash book for August 31st. 2018.
3.Prepare Corey’s Construction Company bank reconciliation statement for August 31, 2018.
In: Accounting
The cash account for Corey’s Construction Company at August 31, 2018, indicated a book balance of $19,885. The bank statement received by the company indicated a balance of $39,473.63 as at August 31, 2018. A comparison of the bank statement and the accompanying cancelled cheques and memos with the records revealed the following:
In: Accounting
Disney's Hannah Montana: The Movie opened in April 2009. The ticket sales revenue ($) for a sample of theaters is below. Use it to answer/do the following. 20,200 8,350 10,750 13,900 13,185 10,150 7,300 6,240 4,200 21,400
(a) Estimate the average ticket sales revenue.
(b) Develop a 90% confidence interval for the mean in (a).
(c) Develop a 95% confidence interval for the mean in (a).
(d) Develop a 99% confidence interval for the mean in (a).
(e) If ticket prices were $7.16 on average, estimate the mean number of customers per theater.
(f) The movie was shown in 3,118 theaters. Estimate the number of people who saw the movie
In: Statistics and Probability
what exactly does Levitt mean by "Marketing myopia"? Does it strike certain industries only? To quote Levitt, "in truth there is no such thing as a growth industry." CHALLENGE THIS ASSERTION. Levitt builds his case of a myopic view taken by the railroad, movie theater and oil industries reviewing four conditions that are the centerpiece of his work... What are they? c. Levitt argues that......."the historic fate of one growth industry after another has been its suicidal product provincialism" What does this mean? d. Finally, do you feel that today in the 21st century, Marketing Myopia is a thing of the past? Yes or No? Explain with examples
In: Operations Management
| Building type | Average floor area (m2) | Total floor area (m2) | avg story height(cms) | COST (HK$) | |||||||||
| 1 | 1852 | 81478 | 410 | 1467000000 | |||||||||
| 1 | 1608 | 64313 | 411 | 1150000000 | |||||||||
| 1 | 1430 | 55783 | 403 | 1028000000 | |||||||||
| 1 | 1562 | 57794 | 390 | 1100000000 | |||||||||
| 1 | 1109 | 37695 | 391 | 728000000 | |||||||||
| 1 | 905 | 28048 | 382 | 558000000 | |||||||||
| 1 | 1852 | 81478 | 410 | 1467000000 | |||||||||
| 1 | 901 | 30617 | 391 | 631000000 | |||||||||
| 1 | 1727 | 69062 | 400 | 1223000000 | |||||||||
| 1 | 1161 | 37148 | 394 | 761000000 | |||||||||
| 1 | 1004 | 37141 | 400 | 713000000 | |||||||||
| 1 | 1216 | 38912 | 390 | 784000000 | |||||||||
| 1 | 2007 | 88302 | 422 | 1593000000 | |||||||||
| 1 | 2983 | 173000 | 440 | 2649000000 | |||||||||
| 2 | 1523 | 70080 | 372 | 1210000000 | |||||||||
| 2 | 912 | 28286 | 370 | 607000000 | |||||||||
| 2 | 1343 | 53715 | 382 | 977000000 | |||||||||
| 2 | 1175 | 32908 | 381 | 700000000 | |||||||||
| 2 | 1203 | 40902 | 393 | 811000000 | |||||||||
| 2 | 1393 | 52951 | 392 | 1001000000 | |||||||||
| 2 | 713 | 20681 | 375 | 468000000 | |||||||||
| 2 | 1047 | 37681 | 411 | 747000000 | |||||||||
| 2 | 1506 | 63270 | 421 | 1156000000 | |||||||||
| 2 | 1642 | 70624 | 423 | 1268000000 | |||||||||
| 2 | 1848 | 73936 | 403 | 1333000000 | |||||||||
| 2 | 1627 | 60190 | 402 | 1162000000 | |||||||||
| 2 | 1301 | 40321 | 384 | 864000000 | |||||||||
| 2 | 905 | 25330 | 405 | 561000000 | |||||||||
| 2 | 1727 | 72514 | 400 | 1303000000 | |||||||||
| 2 | 1414 | 52318 | 392 | 1013000000 | |||||||||
| 2 | 2001 | 76022 | 431 | 1487000000 | |||||||||
| 2 | 400 | 9200 | 380 | 263000000 | |||||||||
| 2 | 3100 | 102190 | 454 | 2112000000 | |||||||||
| 2 | 1677 | 83860 | 410 | 1519000000 | |||||||||
| 2 | 2415 | 130032 | 420 | 2045000000 | |||||||||
| 2 | 1555 | 46637 | 410 | 1025000000 | |||||||||
| 2 | 792 | 20596 | 420 | 540000000 | |||||||||
|
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| 2 | Steel |
1 |
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In: Statistics and Probability
Allocating Joint Costs Using the Constant Gross Margin Method
A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run costs $12,900. None of the products can be sold at split-off, but must be processed further. Information on one batch of the three products is as follows:
Product |
Gallons | Further Processing Cost per Gallon |
Eventual
Market Price per Gallon |
| L-Ten | 3,500 | $0.50 | $ 2.00 |
| Triol | 4,000 | 1.00 | 5.00 |
| Pioze | 2,500 | 1.50 | 6.00 |
Required:
1. Calculate the total revenue, total costs, and total gross profit the company will earn on the sale of L-Ten, Triol, and Pioze.
| Total Revenue | $ |
| Total Costs | $ |
| Total Gross Profit | $ |
2. Allocate the joint cost to L-Ten, Triol, and Pioze using the constant gross margin percentage method. Round the gross margin percentage to four decimal places and round all other computations to the nearest dollar.
| Joint Cost | |
| Product | Allocation |
| L-Ten | $ |
| Triol | |
| Pioze | |
| Total | $ |
(Note: The joint cost allocation does not equal $12,900 due to rounding.)
3. What if it cost $2 to process each gallon of Triol beyond the split-off point? How would that affect the allocation of joint cost to these three products? Round the gross margin percentage to four decimal places and round all other computations to the nearest dollar.
| Joint Cost | |
| Product | Allocation |
| L-Ten | $ |
| Triol | |
| Pioze | |
| Total | $ |
(Note: The joint cost allocation does not equal $12,900 due to rounding.)
In: Accounting