I live in Rapid City and commute to Spearfish. I leave Rapid City by 6 minutes after 8 and get onto I-90 at Exit 52. I must exit I-90 at Exit 12 by no later than 8:50 so that I am not late for class. Normally, I can drive the speed limit and make it on time.
Over the past few years there has been a lot of construction on Interstate 90. For example, last year 4 miles of road was under construction between Mile Marker 26 and 30 (Sturgis). The posted speed limit in the construction zone (single lane -- do not pass) is 55 mph, but I always end up behind someone that is going only 49mph. When I am not in the Construction Zone, what is the minimum speed that I have to drive, so that I can be at Exit 12 by 8:50?
In: Advanced Math
This case is based on an actual situation. Centennial Construction Company, headquartered in Dallas, Texas, built a Rodeway Motel 35 miles north of Dallas. The construction foreman, whose name was Slim Chance, hired the 40 workers needed to complete the project. Slim had the construction workers fill out the necessary tax forms, and he sent their documents to the home office.Work on the motel began on April 1 and ended September 1. Each week, Slim filled out a timecard of hours worked by each employee during the week. Slim faxed the timecards to the home office, which prepared the payroll checks on Friday morning. Slim drove to the home office on Friday, picked up the payroll checks, and returned to the construction site. At 5 p.m. on Friday, Slim distributed payroll checks to the workers.Requirements1. Describe in detail the main internal control weakness in this situation. Specify what negative result(s) could occur because of the internal control weakness.
In: Accounting
In: Accounting
ROI and Residual Income:Basic Computations
Watkins Associated Industries is a highly diversified company with
three divisions: Trucking, Seafood, and Construction. Assume that
the company uses return on investment and residual income as two of
the evaluation tools for division managers. The company has a
minimum desired rate of return on investment of 10 percent with a
30 percent tax rate. Selected operating data for three divisions of
the company follow.
| Trucking Division | Seafood Division | Construction Division | |
|---|---|---|---|
| Sales | $1,200,000 | $780,000 | $900,000 |
| Operating assets | 600,000 | 260,000 | 330,000 |
| Net operating income | 101,000 | 60,000 | 62,000 |
(a) Compute the return on investment for each division. (Round
answers to three decimal places.)
Trucking ROI = Answer
Seafood ROI = Answer
Construction ROI = Answer
(b) Compute the residual income for each division.
| Residual Income | Trucking | Seafood | Construction |
|---|---|---|---|
| Net operating income | |||
| Minimum level | |||
| Residual income |
In: Accounting
The construction industry is leveraging technology to make processes more efficient. Construction companies are investing a lot of their capital in R&D to incorporate this technology into their business practices. Explore one technology (existing or future) and provide a summary of the impacts it will have on the construction industry. Below are examples you may choose from but preferably you can find a different technology if you can find one.
Examples of technology (application, software, programs):
Please write a summary of the technology and should answer the following questions:
1) Company name and how long has this application/program been around?
2) What impacts does it have on the construction process (good and bad)
3) What the future looks like for these type of technology
4) your opinion on how you would implement or what improvement you see in this type of technology.
In: Civil Engineering
1. Until recently hamburgers at the Erwin Center cost $2 each. The food concessionaire sold an average of 10,000 hamburgers on a game night. When the price was raised to $2.40, hamburgers sales dropped off to an average of 8,000 per night. (a) Find the price of a hamburger that will maximize the nightly hamburger revenue. (b) Suppose that the concessionaire has fixed costs of $1,000 per night and the variable cost is $0.60 per hamburger. Find the price of a hamburger that will maximize the nightly hamburger profit.
2. A manufacturer needs to make a cylindrical can that will hold 1.5 liters of liquid. Determine the dimensions of the can that will minimize the amount of material (top, bottom, and sides) used in its construction.
In: Math
Your company has just signed a three-year nonrenewable contract with the city of New Orleans for earthmoving work. You are investigating the purchase of heavy construction equipment for this job. The equipment costs
$203,000
and qualifies for five-year MACRS depreciation. At the end of the three-year contract, you expect to be able to sell the equipment for
$74,000.
If the projected operating expense for the equipment is
$68,000
per year, what is the after-tax equivalent uniform annual cost (EUAC) of owning and operating this equipment? The effective income tax rate is
28%,
and the after-tax MARR is
10%
per year.
The after-tax equivalent uniform annual cost is?
(Round to the nearest dollar.)
In: Accounting
EBC is a construction company. They are in the process of constructing a building whose plumbing would be installed in 12 days at a cost of $ 64 or in 10 days at a cost of $ 80 by working overtime. Plumbing is on the critical path and each day’s saving in completion time of the whole project is worth $ 10.
a) You have been asked to advise the project team on whether to take the 10 day or the 12-day option. Using relevant computation, present your piece of advice.
b) Highlight the elements of ‘trade-off’ expressed in the above case.
c) Assume each day’s saving in completion time is worth $ 5. What advice would you give? Give reasons for your answer
In: Finance
7. (TCO E) The City of Champions has a referendum that will go before voters to build the best football stadium in the world. The ballot calls for the voters to approve or disapprove a 6% sales tax increase to construct the new stadium. The stadium is estimated to cost $800,000,000, and this cost is detailed in the narratives of the referendum. Once the $800,000,000 is raised for the stadium construction, the stadium sales tax will be terminated, and any repairs and maintenance will be funded by proceeds from ticket sales, concessions, and other venues within the stadium.
A. What standards of equitability apply in this case?
B. Describe each standard and explain why it applies and whether the standard has been violated.
NEED ANSWER ASAP
In: Economics
Client X operates in the US currently and is planning to expand operations globally next year. As a result, management is considering preparing financial statements in accordance with IFRS rather than with US GAAP. Client X contacted you for clarification and recommendations regarding the following issues: How the use of the LIFO method to value its inventories will be impacted if a switch to financial statements prepared in compliance with IFRS will be made. Whether interest cost on construction of a new warehouse may be included in the cost of the new warehouse. In what instances should goodwill be adjusted for impairment? Provide a 150- word overview of each issue, followed by solid responses supported by research and proper citing.
In: Finance