A 3.20-m-long, 500 kg steel uniform beam extends horizontally from the point where it has been bolted to the framework of a new building under construction. A 70 kg construction worker stands at the far end of the beam.
What is the magnitude of the torque about the bolt due to the worker and the weight of the beam?
In: Physics
There is many types of compactors and rollers used in the construction of flexible pavement. mention all the types of those rollers and compactor and what are the differences between them and why each type is used for. Take in consideration the effect of changing in the bitumen viscosity with the decrease in the mix temperature during construction.
I need new answer please
In: Civil Engineering
In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2023. Information related to the contract is as follows:
| 2021 | 2022 | 2023 | |||||||
| Cost incurred during the year | $ | 2,100,000 | $ | 3,150,000 | $ | 2,475,000 | |||
| Estimated costs to complete as of year-end | 5,400,000 | 2,250,000 | 0 | ||||||
| Billings during the year | 2,150,000 | 3,100,000 | 4,750,000 | ||||||
| Cash collections during the year | 1,875,000 | 3,100,000 | 5,025,000 | ||||||
Westgate recognizes revenue over time according to percentage of
completion.
4. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.)
| 2021 | 2022 | 2023 | |||||||
| Costs incurred during the year | $ | 2,100,000 | $ | 3,875,000 | $ | 3,275,000 | |||
| Estimated costs to complete as of year-end | 5,400,000 | 3,175,000 | 0 | ||||||
| 2021 | 2022 | 2023 | |||||||
| Revenu | $ | 2,800,000 | $ | ? | $ | ? | |||
| Gross Profit | 700,000 | ? | ? | ||||||
5. Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years assuming the following costs incurred and costs to complete information. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount. Loss amounts should be indicated with a minus sign.)
| 2021 | 2022 | 2023 | |||||||
| Costs incurred during the year | $ | 2,100,000 | $ | 3,875,000 | $ | 4,125,000 | |||
| Estimated costs to complete as of year-end | 5,400,000 | 4,250,000 | 0 | ||||||
| 2021 | 2022 | 2023 | |||||||
| Revenu | $ | ? | $ | ? | $ | ? | |||
| Gross Profit | ? | ? | ? | ||||||
In: Accounting
Required information
Problem 6-10 (Algo) Long-term contract; revenue recognition over time [LO6-8, 6-9]
[The following information applies to the questions
displayed below.]
In 2021, the Westgate Construction Company entered into a contract
to construct a road for Santa Clara County for $10,000,000. The
road was completed in 2023. Information related to the contract is
as follows:
| 2021 | 2022 | 2023 | |||||||
| Cost incurred during the year | $ | 2,044,000 | $ | 2,628,000 | $ | 2,890,800 | |||
| Estimated costs to complete as of year-end | 5,256,000 | 2,628,000 | 0 | ||||||
| Billings during the year | 2,170,000 | 2,502,000 | 5,328,000 | ||||||
| Cash collections during the year | 1,885,000 | 2,600,000 | 5,515,000 | ||||||
Westgate recognizes revenue over time according to percentage of
completion.
Problem 6-10 (Algo) Part 4
4. Calculate the amount of revenue and gross
profit (loss) to be recognized in each of the three years assuming
the following costs incurred and costs to complete information.
(Do not round intermediate calculations and round your
final answers to the nearest whole dollar amount. Loss amounts
should be indicated with a minus sign.)
| 2021 | 2022 | 2023 | |||||||
| Costs incurred during the year | $ | 2,044,000 | $ | 3,885,000 | $ | 3,285,000 | |||
| Estimated costs to complete as of year-end | 5,256,000 | 3,185,000 | 0 | ||||||
Solve for "X"
| 2021 | 2022 | 2023 | |
| Revenue | $2,800,000 | X | X |
| Gross profit (loss) | $756,000 | X | X |
Please show you work, I've tried finding the answers to year 2022 and 2023 but nothing is working
In: Accounting
Kaimalino Properties (KP) is evaluating six real estate investments. Management plans to buy the properties today and sell them five years from today. The following table summarizes the initial cost and the expected sale price for each property, as well as the appropriate discount rate based on the risk of each venture.
.
Project | Cost Today | Discount Rate (%) | Expected Sale Price in Year 5 | ||
Mountain Ridge | $ | 15 | $ | ||
Ocean Park Estates | 15 | ||||
Lakeview | 15 | ||||
Seabreeze | 8 | ||||
Green Hills | 8 | ||||
West Ranch | 8 | ||||
KP has a total capital budget of to invest in properties.
a. What is the IRR of each investment?
b. What is the NPV of each investment?
c. Given its budget of , which properties should KP choose?
d. Explain why the profitability index method could not be used if KP's budget were instead. Which properties should KP choose in this case?
In: Finance
Please provide the table and answers to each question with calculations, Thank you
A company producing plastic cell-phone cases uses a $5,000 blower, a $2,000 processor, and $4,200 worth of molds. The rent paid for their space in an industrial park is $5,000 per production period. The cost of materials (resins and compounds) is $10 per unit. The cell phone case market is competitive, with a market price of $25. Each unit of labor is paid $5,000 per production period. The production technology is described by Table 2.
1(a). How many cell-phone cases will the company produce to maximize profit? What is the maximum amount of profit?
1(b). Using the company's short-run cost curves (ATC, AVC, and MC) and the MR curve, demonstrate how you found your answer to Question 1(a).
1(c). What is the company's break-even price?
| Labor | Output |
| 0 | 0 |
| 1 | 374 |
| 2 | 1000.8 |
| 3 | 1761.8 |
| 4 | 2589.08 |
| 5 | 3427.1 |
| 6 | 4226.66 |
| 7 | 4941.62 |
| 8 | 5528.13 |
| 9 | 5943.72 |
| 10 |
6147 |
In: Economics
Kaimalino Properties (KP) is evaluating six real estate investments. Management plans to buy the properties today and sell them five years from today. The following table summarizes the initial cost and the expected sale price for each property, as well as the appropriate discount rate based on the risk of each venture.
|
Project |
Cost Today |
Discount Rate(%) |
Expected Sale Price in Year 5 |
||
|
Mountain Ridge |
3,000,000
|
15 |
18,000,000.
|
||
|
Ocean Park Estates |
15,000,000 |
15 |
75,500,000 |
||
|
Lakeview |
9,000,000 |
15 |
50,000,000 |
||
|
Seabreeze |
6,000,000 |
8 |
35,500,000 |
||
|
Green Hills |
3,000,000 |
8 |
10,000,000 |
||
|
West Ranch |
9,000,000 |
8 |
46,500,000 |
||
KP has a total capital budget of $18,000,000 to invest in properties.
a. What is the IRR of each investment?
b. What is the NPV of each investment?
c. Given its budget of $18,000,000, which properties should KP choose?
d. Explain why the profitability index method could not be used if KP's budget were 12,000,000 instead. Which properties should KP choose in this case?
In: Finance
Harvey’s REIT is a company that invests in income generating land and buildings. Since Harvey’s is organized as a REIT it must pay out most if not all of its income to shareholders as a dividend. Since the firm is a “pass through” vehicle (passes income straight threw to investors), the REIT pays no taxes (its investors get taxed at the personal level with all income treated as ordinary income). With little retained earnings, new real estate acquisitions are debt or equity financed.
Harvey has two categories of investment. One category is hotels and the second is land for special events parking. The land business is very interesting because you can simply buy the land and there is little or no working capital or capital expenditure needs since the land is often just fields near ballparks, state fairs, concert facilities, etc…
For most of Harvey’s businesses, the cash flow grows at roughly the inflation rate. Hotel fares and parking rates trend up with inflation. Acquisitions rarely add much value, since they are bought in competitive real estate markets. What you pay is pretty close to the discounted cash flow value of what you buy. No acquisitions are currently on the radar and most believe that there should be little “value from future acquisitions” in Harvey’s REIT share prices.
Harvey has entertained breaking up the two units perhaps by divesting one and keeping the other. He wonders what each unit is worth. Here are the cash flows of each business
Hotels: FCF = 90m upcoming year
Parking land FCF = 30m upcoming year
Both business are expected to grow their FCF at 2.4% in perpetuity (due to inflation)
Recall from your prior classes a growing perpetuity is worth:
Value now = FCF(upcoming year) / (discount rate on FCF – growth rate in perpetuity)
For the most part, given the absence of taxes, it is believed that the firm’s situation approximates perfect market conditions (assuming debt is not 75% plus of total financing which could raise bankruptcy concerns).
Similar (non-taxed) REITS have the following data:
Pure plays (MV stands for market Value and all figures in millions):
|
Hotels |
MV equity |
MV Debt |
Beta equity |
||
|
Paradise |
800 |
511 |
1.0 |
||
|
Nirvana |
800 |
4000 |
2.0 |
||
|
Highway |
900 |
900 |
1.1 |
||
|
Primrose |
800 |
200 |
0.8 |
The land parking business is unique in the world of publicly traded equities. There are no pure plays out there. All the above firms with D/E below 1.1 are able to borrow at approximately 4.5%. The market risk premium is 5% and the risk free rate is 4.5%. The same is true for Harvey.
Harvey currently has market value of debt = 1000m
Harvey has a market value of equity = 1500m
Harvey has an equity beta of 0.9.
Harvey does not “allocate debt” between divisions. He views the debt ratio of each to be the same.
Assume that Harvey views the market valuation of his firm as likely accurate – he believes that markets are “efficient.” He also views the valuation of competitors as reasonably accurate. He thinks the listed hotel competitors have properties with fairly similar risk, but realizes there may be slight errors in beta estimates (up or down) and averages of beta will have less errors.
How can Harvey figure out the value of his hotel business (not equity or debt pieces, the whole value) and what is the estimate for it? Show the steps for doing so for partial credit
What is the value of the Land business, its’ WACC, and its’ unlevered beta?
Assume that no divestiture takes place. If the Land business got an unexpected opportunity to acquire a piece of land that would generate FCF = 2m growing at 2.4% in perpetuity, and it had an asking price of 48m, should it do the deal? Why or why not?
Some at the firm say that 2/48 = 4.1667%. They note that the accounting return is not even sufficient to cover the cost of borrowing (if the project is financed with all debt) and therefore the project should not be taken. Does this logic make sense? Explain why or why not? (An explanation of what is right or wrong with argument would be useful.
In: Finance
Larry’s Building Supplies (LBS) is a local hardware store. LBS uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis:
| a. | Sold merchandise for cash (cost of merchandise $361,350). | $ | 755,000 | |
| b. | Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $5,300). | 8,100 | ||
| c. | Sold merchandise (costing $11,160) to a customer on account with terms n/30. | 18,600 | ||
| d. | Collected half of the balance owed by the customer in (c). | 9,300 | ||
| e. | Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. | 2,650 | ||
Required:
1. Compute Net Sales and Gross Profit for LBS.
2. Compute the gross profit percentage. (Round your answer to 1 decimal place.)
3. Prepare journal entries to record transactions (a)–(e). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
4. LBS is considering a contract to sell building supplies to a local home builder for $37,000. These materials will cost LBS $26,200. Would this contract increase (or decrease) LBS’s dollars of gross profit and its gross profit percentage? (Round "Gross Profit Percentage" to 1 decimal place.)
In: Accounting
The Hans Solo Company reports the following cost data for its
single product. The company regularly sells 300,000 units of its
product at a price of $45.00 per unit.
|
Direct materials |
$3.86 |
per unit |
|
Direct labor |
$9.03 |
per unit |
|
Overhead costs for the year |
||
|
Variable overhead |
$4.75 |
per unit |
|
Fixed overhead per year |
$456,700 |
|
|
Selling and administrative costs for the year |
||
|
Variable |
$1.99 |
per unit |
|
Fixed |
$89,100 |
|
|
Normal production level (in units) |
300,000 |
units |
If using variable costing:
a. What is the total product cost per unit? Round your answer to the nearest cent (2 decimal places).
b. What is the contribution margin per unit? Round your answer to the nearest cent (2 decimal places).
c. What is the contribution margin ratio? Round your answer to 2 decimal places and include a percentage (%) sign.
If using absorption costing:
d. What is the total product cost per unit? Round your answer to the nearest cent (2 decimal places).
e. What is the gross margin per unit? Round your answer to the nearest cent (2 decimal places).
f. What is the gross margin percentage? Round your answer to 2 decimal places and include a percentage (%) sign.
In: Accounting