aDescribe the methods of construction plant and equipment used to erect steel and concrete frames. You must evidence including images and/or drawings of the construction plant and equipment and a statement of the advantages and disadvantages of each.
b Explain the use of steel and concrete frames in superstructures construction. You should include the use of steel and concrete in the context of merits and de-merits including the levels of skilled labour required, lifting and placement requirements and safe working access
c With superstructures comes the height associated with building above ground level.Explain the hazards and risks associated with superstructure activities.This should build on the evidence for Task a and b for this project.
In: Civil Engineering
A group of Brigham Young University—Idaho students (Matthew Herring, Nathan Spencer, Mark Walker, and Mark Steiner) collected data in November 2005 on the speed of vehicles traveling through a construction zone on a state highway, where the posted speed was 25 mph. The recorded speed (in mph) of 15 randomly selected vehicles is given below. Assume speeds are approximately normally distributed with σ=5.95 and that the average speed of drivers is about 5 mph over the limit, i.e. µ = 30.
20, 24, 27, 28, 29, 30, 32, 33, 33, 34, 36, 38, 39, 40, 40
There is a rumor that most police officers will give some leeway in citations for speeding tickets of about 5 mph. Officers familiar with this construction zone have told you that they believe the average speed of drivers is 30 mph. We would like to use the sample above to test the notation that the mean speed of drivers is over 30 mph at the α = 0.05 level of significance. Use σ=5.95
In: Statistics and Probability
2. Cost-Volume-Profit (CVP) 40 points
a. Assignment Question on Cost Volume Profit (CVP)
MMC Nutri Company is a small family fast food restaurant that opened in 2015, serving tropical cuisine to its mainly Afro-American, Asian and African customers. Because of its hot ingredients, few others patronize the food.
This business serves its popular dish Jollof rice, fish or meat stew, and rice flour porridge, as a meal for $9 a serving. Its variable cost per serving is $4.10 and its monthly fixed cost is $4,600 a month. On average, the business sells 60 servings a day, opened every day except Sunday. The highly religious owner takes Sunday off, as a rest day.
During this 2020 year of COVID-19 pandemic, average sales has dropped significantly. In June of this year, the federal government gave a lump sum financial assistance of $10,000 to the business, during a six weeks lockdown. Since then, current sales has dropped by 60% of its pre-COVID level, despite the introduction of take-away opportunity. The business optimistically estimates that sales will slowly increase to a maximum of 80% of pre-COVID level, for the rest of this year.
The owner is considering closing the business, due to uncertainty and depletion of personal savings to finance its operations, and has commissioned you to give advice, based on your knowledge of accounting.
The business is also exploring an available option of a $6,000 investment in machinery that will be used for 5 years and will reduce variable cost by $0.30 a unit. Sales price/unit will not change.
What will be your overall advice to this owner? Justify each option with analysis based on CVP.
(Points will be awarded for trend of thought and the application of CVP principles. There is no one answer.) 30 points
b. Assignment on Plant-wide Overhead Absorption
Basic Construction Company won a bid to build a gym between January and March 2020. The actual manufacturing overhead for the completed construction was $128,610. On December, 2019, before the start of the construction, the company decided to set an annual overhead rate of $875,000 for all jobs during 2020, to be absorbed by direct labor hours. The actual direct labor hours used for this job was 49,000, and the direct machine hours used was 12,700. The annual direct labor hours estimated for 2020 by the company was 350,000 DLH. Provided there is over or under absorbed overhead, considered not significant, prepare the journal entry to close the manufacturing overhead account, at the end of the contract. 10 points
In: Accounting
1. Maureen lives in Washington State. She went to California on a vacation, and went to a movie theater with a friend while she was there. She was injured due to the movie theater's negligence in not maintaining properly a carpeted stairway inside the theater. California is the state of incorporation and principal place of business for the owner of the business (George W. Bush Enterprise, Inc.). For this discussion consider George W. Bush Enterprises, Inc. a “person”.
Maureen’s injuries amount to about $80,000 in lost wages and medical bills (not counting pain and suffering). Maureen should be able to have her case against George W. Bush Enterprises, Inc., decided in a US District Court, based on complete diversity of citizenship. T or F
2. In order for a trial court to hear a criminal case the court must have subject matter jurisdiction and the legal authority to require the defendant to stand trial? T of F
3.The legal term for the questioning of potential jurors, to try to determine if they will be impartial toward each of the parties to a lawsuit is:
a. Interrogatories
b. Oral arguments
c. Precedent
d. Certiorari
e. Voir dire
4. Discovery in a civil trial includes the use of interrogatories and requests for production? T or F
5. A lawyer may waive his/her attorney-client privilege? T or F
6. The "burden of proof" in a criminal case rests on the government to show that a defendant is guilty. If the government cannot prove its case “beyond a reasonable doubt” then the jury must determine that defendant is “not guilty.” T or F
7.
The Washington State Supreme Court (the highest court in the Washington state system) makes a decision based on the facts of a particular case. Lower state courts that are within the State of Washington must follow the legal rule laid down by that high court. This is the concept known as:
a. President
b. Precedent
c. Prescient
d. Presentence
e. Presence
1. Maureen lives in Washington State. She went to California on a vacation, and went to a movie theater with a friend while she was there. She was injured due to the movie theater's negligence in not maintaining properly a carpeted stairway inside the theater. California is the state of incorporation and principal place of business for the owner of the business (George W. Bush Enterprise, Inc.). For this discussion consider George W. Bush Enterprises, Inc. a “person”.
Maureen’s injuries amount to about $80,000 in lost wages and medical bills (not counting pain and suffering). Maureen should be able to have her case against George W. Bush Enterprises, Inc., decided in a US District Court, based on complete diversity of citizenship. T or F
2. In order for a trial court to hear a criminal case the court must have subject matter jurisdiction and the legal authority to require the defendant to stand trial? T of F
3.The legal term for the questioning of potential jurors, to try to determine if they will be impartial toward each of the parties to a lawsuit is:
a. Interrogatories
b. Oral arguments
c. Precedent
d. Certiorari
e. Voir dire
4. Discovery in a civil trial includes the use of interrogatories and requests for production? T or F
5. A lawyer may waive his/her attorney-client privilege? T or F
6. The "burden of proof" in a criminal case rests on the government to show that a defendant is guilty. If the government cannot prove its case “beyond a reasonable doubt” then the jury must determine that defendant is “not guilty.” T or F
7.
The Washington State Supreme Court (the highest court in the Washington state system) makes a decision based on the facts of a particular case. Lower state courts that are within the State of Washington must follow the legal rule laid down by that high court. This is the concept known as:
a. President
b. Precedent
c. Prescient
d. Presentence
e. Presence
In: Operations Management
|
Item |
Cost |
Quarterly Demand (units) |
|
Shovel |
$ 5.00 |
1,000 |
|
Edger |
$25.00 |
6 |
|
Weeder |
$ 6.00 |
400 |
|
Hose |
$20.00 |
800 |
|
Cutters |
$ 4.00 |
100 |
|
Sprinkler |
$ 7.00 |
800 |
|
Hedge Trimmer |
$ 5.00 |
5,000 |
|
Spreader |
$15.00 |
6 |
|
Sprayer |
$12.00 |
20 |
|
Clippers |
$ 8.00 |
15 |
|
a. |
Compute the total dollar value of each of the ten inventory items. What is the total value of all the inventory items? |
|
b. |
Which items should be declared "A" items? What percentage of total inventory value does the "A" group represent? What percentage of the total number of inventory items does the "A" group represent? |
|
c. |
Which items should be declared "B" items? What percentage of the total inventory value does "B" group represent? What percentage of the total number of inventory items does the "B" group represent? |
|
d. |
Which items should be declared "C" items? What percentage of the total inventory value does the "C" group represent? What percentage of the total number of inventory items does the "C" group represent? |
In: Operations Management
**Government activities may be less “profitable” than they appear**
A city prepares its budget in traditional format, classifying expenditures by fund and object. In 2010, amid considerable controversy, the city authorized the sale of $20 million in bonds to finance construction of a new sports and special events arena. Critics charged that, contrary to the predictions of arena proponents, the arena could not be fiscally self‐sustaining. Five years later, the arena was completed and began to be used. After its first year of operations, its general managers submitted the following condensed statement of revenues and expenses (in millions):
|
Revenues from ticket sales |
5.7 |
|
|
Revenues from concessions |
2.4 |
|
| Total |
8.1 |
|
|
Operating expenses |
6.6 |
|
|
Interest on debt |
1.2 |
|
| Total Expenses |
7.8 |
|
|
Excess of revenues over expenses |
0.3 |
|
At the city council meeting, when the report was submitted, the council member who had championed the center glowingly boasted that his prophecy was proving correct; the arena was “profitable.” Assume that the following information came to your attention:
• The arena is accounted for in a separate enterprise fund.
• The arena increased the number of overnight visitors to the city. City administrators and economists calculated that the additional visitors generated approximately $0.1 million in hotel occupancy tax revenues. These taxes are dedicated to promoting tourism in the city. In addition, they estimated that the ticket and concession sales, plus the economic activity generated by the arena, increased general sales tax revenues by $0.4 million.
• The city had to improve roads, highways, and utilities in the area surrounding the arena. These improvements, which cost $6 million, were financed with general obligation debt (not reported in the enterprise fund). Principal and interest on the debt, paid out of general funds, were $0.5 million. The cost of maintaining the facilities was approximately $0.1 million.
• On evenings when events were held in the arena, the city had to increase police protection in the arena’s neighborhood. Whereas the arena compensated the police department for police officers who served within the arena itself, those who patrolled outside were paid out of police department funds. The police department estimated its additional costs at $0.1 million.
• The city provided various administrative services (including legal, accounting, and personnel) to the arena at no charge at an estimated cost of $0.1 million.
• The city estimates the cost of additional sanitation, fire, and medical services due to events at the center to be approximately $0.2 million.
1. Would you agree with the council member that the arena was fiscally self‐sustaining?
2. In which funds would the additional revenues and expenditures be budgeted and accounted for?
3. Comment on the limitations of both the traditional object classification budget and fund accounting system in assessing the economic costs and benefits of a project—such as the sports and special events arena.
4. What changes in the city’s budgeting and accounting structure would overcome these limitations? What additional problems might these changes cause?
In: Accounting
Problem 18-10
On March 1, 2017, Bridgeport Construction Company contracted to
construct a factory building for Fabrik Manufacturing Inc. for a
total contract price of $8,340,000. The building was completed by
October 31, 2019. The annual contract costs incurred, estimated
costs to complete the contract, and accumulated billings to Fabrik
for 2017, 2018, and 2019 are given below:
|
2017 |
2018 |
2019 |
||||
| Contract costs incurred during the year | $2,811,600 | $2,152,400 | $2,336,000 | |||
| Estimated costs to complete the contract at 12/31 | 3,578,400 | 2,336,000 | –0– | |||
| Billings to Fabrik during the year | 3,210,000 | 3,470,000 | 1,660,000 |
(a) Using the percentage-of-completion method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2017, 2018, and 2019. (Ignore income taxes.)
(b) Using the completed-contract method, prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2017, 2018, and 2019. (Ignore income taxes.)
In: Accounting
14. The Longview Power Plant near Morgantown was built asan Independent Power Producer (IPP). What is the basic business model of an IPP?
In: Economics
Describe the feasibility in the near future of determining whether the atmosphere of an exoplanet contains oxygen by means of: infrared and visible spectroscopy (3-4 sencentes)
In: Physics
Briefly identify why popular support in 1914 for the First World War in the countries involved grew into protests and mutinies near the end of that war.
In: Economics