Why is it important for a process engineer to be able to review a three dimensional model (actual or virtual/electronic) of the plant prior to the construction phase of a project?
In: Chemistry
Provide 3 areas in Engineering Grand Challenges that are highly RELATED to Civil Engineering or Construction Engineering Management fields. Why are they associated with CECEM?
In: Civil Engineering
In: Civil Engineering
In: Finance
If you are about to start a Power Plant construction which type of layout would you apply in your production. Justify your opinion.
In: Operations Management
Responses should be 50 - 100 words (approximately) and use specific examples when possible.
3) Discuss the idea of race as a social construction.
In: Psychology
Fundamentals of cost and management accounting
Classwork on breakeven analysis
Question 1
GPZ sells cupcakes for $2. Material per unit costs $0.10. Variable labour cost is $0.25. Variable other manufacturing costs is $0.35. Monthly fixed costs are $12,000.
Required
Question 2
A road construction company generates on average $500,000 of revenue for each kilometre of road built. The variable costs per kilometre built are made up of fuel ($10,000), direct labour ($40,000), vehicle maintenance ($20,000), other variable vehicle costs ($55,000), and materials ($225,000). The monthly fixed costs of the company are $1.5 million.
Required
1) Calculate the breakeven point in kilometres of road built per month.
2) Calculate the breakeven point in dollar revenue per month.
3) Calculate the contribution margin percentage.
Question 3
APP operates a beauty salon. Average revenue per customer is $200. Monthly fixed costs are $45,000. Variable costs in last month were in total $78,000. During that month APP had 1,000 customers.
Required
Question 4
Aisha operates a children’s nursery. Her monthly fixed costs are AED60,000. Her revenue per month per child is AED1,600. Variable costs per month are AED200 per child.
Required
In: Accounting
broadway hotel inc a clendar year corporation purchased land on which to build a small resort in los gatos. the land was purchased on 12-1-10 for 255000. (which included the price of a small shed of the property, 33500, which was torn down in December at a cost of 5000. the company began to build the resort on 12-1-10 paying 852000 to a contractor. further payments to the contractor were on 7-1-11 for 650000 and on 9-1-11 for 710000. on 12-1-11 the resort was ready to be rented out, but the company merely began to advertise the resort and found only a few paying customers to rent it to in 2011. during 2010, the Company had borrowed 3800000 at 8% on 1-1-10 (maturing 2022) specifically for this building project. the company also had a long term bond for 2000000 (liability) on its books from 2006, and due in 2017, which it was paying 9% interest but no other long term liabilities. what is the book value of the land? what is the book value of the building on 12-1-11?
In: Accounting
Four firms in an industry are considering forming a cartel. They meet in a smoke-filled hotel room to discuss the terms of the cartel and to weigh their options. Each firm has marginal cost given by MC=20+2q. Demand for the market is given by Q=400-2p.
1. What is the supply for each firm? For all four firms?
2. Suppose the firms compete. What would be the resulting market prices and quantities under competition? How much would each firm produce and what would be their producer surplus?
3. Now suppose that the firms successfully form a cartel. They agree to divide the cartel quantity equally among the four firms. How much will each firm produce under the cartel? What will be the producer surplus of each firm?
4. One of the firms is considering cheating on the cartel agreement. Discuss how the firm could cheat on the cartel agreement and what benefits the firm gets from cheating. [Hint: show with equations or a graph how the firm’s profits would change, assuming that the other three firms stick to the cartel agreement.
In: Economics
Indicate if the variable is discrete or continuous.
a) Total full-time employees
b) Agency name
c) The movie rating system (viz., G, PG, PG-13, etc.)
d) Health rating (0-100) for a restaurant
e) Hurricane level (1-5)
f) Ground wind speed of a hurricane
g) A final exam score for a class
h) Land use classification (such as residential, commercial, mixed use)
i) Drug treatment center name
j) Building permits filed by year
k) Property tax rate (millage)
l) Amount of lead in drinking water
m) Level of government (local, state, federal)
n) Number of visitors to a state park
o) Degree of a felony charge (1st, 2nd, 3rd)
p) Form of municipal government (commission, mayor-council, council-manager)
q) Management level (front, middle, senior)
r) Highest degree of education
s) Average training cost per employee
t) A state government’s bond rating
u) The inflation rate
v) Federal disaster area designation
In: Math