The Florida Energy Factor (FEF) is used to compare the efficiency of domestic solar hot water heaters and to determine certain building construction credits. Solar water heaters with a high FEF are more cost efficient. Assume normality for the FEF distribution.

A random sample of approved heaters was obtained, and the FEF value for each is given in the following:

3.3 3.2 1.8 2.1 4.2 3.9 4.6 6.3 1.9 1.9 4.9 6.7 5.2 3.1 1.4

Is there any evidence to suggest that the true population mean FEF is greater than 3.0? Use α = 0.05.

. Kubat Construction Corporation is considering whether to sell excess machinery or lease it to another party. The equipment has an original cost of SAR 615,000, a current book value of SAR 325,000, and can be sold for SAR 350,000 less a 6% brokerage commission. Alternatively, the machinery could be leased for SAR 90,000 per year for four years, after which it is expected to have no residual value. During the period of the lease, Kubat Construction’s costs for repairs, insurance, and property tax are expected to be SAR 20,000 per year. Use a differential analysis to calculate the differential effect.

Exercise 5-16B Estimating ending inventory-retail method LO P4

In 2017, Dakota Company had net sales (at retail) of $134,000.

The above additional information is available from its records at the end of 2017. Use the retail inventory method to estimate Dakota's 2017 ending inventory at cost. (Round cost ratio to the nearest whole percentage.)
  

On an income statement prepared according to the recommended USAR format, the cost of utilities is listed further down the statement than the cost of labor because...

2. A chef invests $40,000 of their own money, and $160,000 borrowed from a bank, to open their new restaurant. What percentage of this cehf's new operation was equity funded?

A digital camera manufacturing company has the cost data given in the following table:

Calculate the percentage profit

The following terms are used to describe various economic characteristics of costs: Opportunity Cost Average Cost Sunk Cost Out-of-pocket Cost Differential Cost Required: Choose one of the preceding terms to characterize each of the amounts described below. Each term may be used only once (5 Points). (1). The cost of merchandise inventory purchased five years ago. The goods are now obsolete. (2). The cost of feeding 300 children in a public school cafeteria is $450 per day, or $1.50 per child per day. What economic term describes this $1.50 cost? (3). The management of a high-rise office building uses 3,000 square feet of space in the building for its own administrative functions. This space could be rented for $30,000. What economic term describes this $30,000 of lost rental revenue? (4). The cost of building an automated assembly line in a factory is $700,000; a manually operated assembly line would cost $250,000. What economic term is used to describe the $450,000 variation between these two amounts? (5). Refer to the preceding question and assume that the firm is currently building the assembly line for $700,000. What economic term is used to describe the $700,000 construction cost?

A student desires to know if two-bedroom apartments for rent near the BRCC campus in Baton Rouge are significantly different, on average, than one-bedroom apartments for rent near the BRCC campus in Baton Rouge. The student collects data for a random sample of ten (10) advertisements for each of one-bedroom and two-bedroom apartments for rent near the BRCC campus in Baton Rouge. The data below shows the advertised rents (in dollars per month) for the selected apartments.

1 Bedroom
550
695
640
580
595
600
495
675
595
525
2 Bedroom
645
725
580
750
575
635
695
650
655
575

Set up and carry out an appropriate test to determine whether there is convincing evidence that drinking coffee improves memory. Be sure to provide the type of test used, the correct hypotheses, the test statistic, the P-value, assumptions necessary (if any), and the conclusions in context. Assume unequal variances in the populations.
Then, provide and interpret a 99% confidence interval for the hypotheses that you test in (a). What conclusion(s) do you make in context?

Which is the best insurance policy cover a course of construction ?

Explain the audit procedure for checking the Construction In Progress estimate?