Ovitoto Concrete Investment Cc presented you with the following information for the contracts awarded in Sept 2017;
Contract
Okahandja Road
Midgard Road
Contract Price
1 499 500
1 950 550
Work certified
1 249 500
1 550 550
Cost of work certified
1 199 500
1 400 550
Cost of uncertified work
999 500
1 210 550
Cash received
1 149 500
1 400 550
Total expected cost (including costs incurred)
1 299 500
1 850 550
The percentage of completion method (based on costs) is used to calculate profit on contracts, but only once contracts are 30% or completed or more.
REQUIRED:
2.1 Discuss the difference between the Work Certified Method and the Percentage of C0mpletion method. (6)
2.2 Calculate the profit/loss that can be brought into account for the financial period under review for each of the contracts in the records of Ovitoto Concrete Investment Cc. (19)

Whittier Construction Co, had followed the practice of expensing all materials assigned to a construction job without recognizing any salvage inventory. On december 31, 2012, it was determined that salvage inventory should be valued at $52,000. Of this amount, $29,000 arose during the current year. How does this information affect the financial statements to be prepared at the end of 2012?

Please check youre grammar before posting

-Describe your experience / familiarity with the most common construction standards concrete, Masonry, Metals, Wood.

-Why are standards important?(Related In construction)

-Describe your familiarity with ISO standards and Quality Management Systems.

-Why are Quality Audits important? Describe quality failures that you have seen?

-What are some of the quality slogans that you have seen in your day to day life?

a) Based on standard design principles and practices, describe how the roof and drainage system of a building may be designed.

b) Describe three main drainage systems which are typically required in a building.

c) What are the main stages of a structural construction project?

d) Identify at least three promising building materials’ trends in the construction industry in recent years.

My subject is Plant Engineering

JB Co. is planning to invest in a new koala theme park. The investment will generate $4.5 million p.a. for 15 years with the first cash inflow received in one year's time. The required rate of return for this type of investment is expected to be 6% p.a. for years 1-9 rising to 11% p.a. for years 10-15. What is the most JB Co. should pay for this investment now?

The new Ocean FasTrack (Standard, Deluxe, Grand) is available for both children and adults at HK$280, HK$400 and HK$520 respectively. These FasTrack can enable holders enjoy priority accesses for designated rides and attractions with shorter queues but available at limited quotas. Based on economics concept, explain why Ocean Park has such practices

i) FasTrack launching

ii) limited quotas        

Age of College Students Find the 80% confidence intervals for the variance and standard deviation of the ages of seniors at Oak Park College if a random sample of 23 students has a standard deviation of 2.9 years. Assume the variable is normally distributed. Use the chi-square distribution table to find any chi-square values to three decimal places. Round the final answers to one decimal place.