IN C LANGUAGE
You decide you want to build a skate park in your backyard, so you need to buy a lot of concrete. The good news is, you can get a discount when you buy in bulk. The price of concrete for different grades of concrete per cubic yard is as follows:
Write a program that calculates the price of an order of concrete when given the grade and quantity.
Notes
Examples
What grade of concrete (low/cheap, high/expensive)? low How many cubic yards of concrete? 75 The cost is $7500
The answer to the example above is calculated from 75 * $100 (low grade, less than 200 cubic yards) = $7500
What grade of concrete (low/cheap, high/expensive)? cheap How many cubic yards of concrete? 75 The cost is $7500
What grade of concrete (low/cheap, high/expensive)? high How many cubic yards of concrete? 75 The cost is $11250
What grade of concrete (low/cheap, high/expensive)? expensive How many cubic yards of concrete? 75 The cost is $11250
In: Computer Science
(17). Which of the following is not true about financial leases and the firms that use them?
(a). Primary motivation is to obtain financial benefits
(b). Usually they are long term,
(c). Most often used when firms want freedom/flexibility,
(d). Length is usually shorter than the life of the equipment.
(18). Which is usually not included in planning the statement of work?
(a). Work approvals,
(b). Process flows in the supplier’s facility,
(c). Use of subcontractors,
(d). Authorized personnel.
(19). Which of the following is not an alternative method of purchasing construction services?
(a). Conventional method,
(b). Cost Plus Discretionary Expenses,
(c). Design & Build, Agree Price Method,
(d). Design & Build, Cost-Reimbursable Method.
(20). Which of the following is a consideration that favors making a product?
(a). Unreliable suppliers,
(b). Stable work force is desired in a period of rising sales,
(c). Multiple-source policy,
(d). Indirect managerial control considerations.
In: Operations Management
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Sullivan Ironworks offers a variety of iron products to individual and commercial construction clients. The company expects to retire all its production equipment in the new year. At that point, Sullivan Ironworks is considering three options: Option 1) It rents its production equipment at an annual cost of $950,000 per year, paid at the beginning of the year. There are no maintenance costs. Option 2) It rents state-of-the-art production equipment at an annual cost of $1,300,000 per year, paid mid- year. The company will save $325,000 annually on production costs. There are no maintenance costs. Option 3) It purchases new equipment for $9,650,000. The equipment will require maintenance of $150,000 per year and is expected to have a life span of 15 years with no salvage value at the end. Sullivan Ironworks uses the straight-line depreciation method. Suppose the discount rate is 2.9%, the company’s tax rate is 20%, and all maintenance costs are paid at year's end, which is a better option for Sullivan Ironworks? |
In: Economics
6. A construction company has two types of employees: skilled and unskilled. A skilled employee can build 1 yard of a brick wall in one hour. An unskilled employee needs twice as much time to build the same wall. The hourly wage of a skilled employee is $15. the hourly wage of an unskilled employee is $8.
a. Write down a production function with the inputs of LS and LU, where LS is the number of hours of skilled workers and LU is the number of hours worked by unskilled employees. The output, Q is the number of yards of brick wall.
b. The firm needs to build 100 yards of a wall. On the set of axes below, sketch the isoquant that shows all combinations of skilled and unskilled labor that result in building 100 yards of the wall.
c. What is the cost-minimizing way to build 100 yards of wall? Illustrate your answer on the graph in part b.
d. What is the level of Total Cost at this equilibrium?
In: Economics
(Pro forma balance sheet construction) Use the following industry-average ratios to construct a pro forma balance sheet for Phoebe's Cat Foods Inc.:
Total asset turnover 1.6 times
Average collection period (assume 365-day year) 16
days
Fixed asset turnover 6 times
Inventory turnover (based on cost of goods sold) 2
times
Current ratio 2.0 times
Sales (all on credit) $3,000,000
Cost of goods sold 75% of sales
Debt ratio 60%
Fill in the assets section of the pro forma balance sheet. (Round all items to the nearest dollar.)
Cash $
Accounts receivable
Inventories
Net fixed assets
Total assets $
Fill in the liabilities and common equity section of the pro forma balance sheet. (Round all items to the nearest dollar.)
Current liabilities $
Long-term debt
Total liabilities $
Common equity
Total liabilities and common equity $
In: Finance
(Pro
forma balance sheet
construction)
Use the following industry-average ratios to construct a pro forma balance sheet for Karen's Beauty Products, Inc.:
|
Total asset turnover |
1.5 times |
|
Average collection period (assume 365-day year) |
16 days |
|
Fixed asset turnover |
6 times |
|
Inventory turnover (based on cost of goods sold) |
2 times |
|
Current ratio |
1.9 times |
|
Sales (all on credit) |
$5,000,000 |
|
Cost of goods sold |
70% of sales |
|
Debt ratio |
40% |
.
Fill in the assets section of the pro forma balance sheet. (Round all items to the nearest dollar.)
|
Cash |
|
|
|
Accounts receivable |
||
|
Inventories |
||
|
Net fixed assets |
||
|
Total assets |
|
Fill in the liabilities and common equity section of the pro forma balance sheet. (Round all items to the nearest dollar.)
|
Current liabilities |
|
|
|
Long-term debt |
||
|
Total liabilities |
|
|
|
Common equity |
||
|
Total liabilities and common equity |
|
In: Finance
In 2018, 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 2020. Information related to
the contract is as follows:
| 2018 | 2019 | 2020 | |||||||
| Cost incurred during the year | $ | 2,072,000 | $ | 2,738,000 | $ | 2,849,000 | |||
| Estimated costs to complete as of year-end | 5,328,000 | 2,590,000 | 0 | ||||||
| Billings during the year | 2,160,000 | 2,650,000 | 5,190,000 | ||||||
| Cash collections during the year | 1,880,000 | 2,700,000 | 5,420,000 | ||||||
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.)
| 2018 | 2019 | 2020 | |||||||
| Cost incurred during the year | $ | 2,072,000 | $ | 3,880,000 | $ | 3,280,000 | |||
| Estimated costs to complete as of year-end | 5,328,000 | 3,180,000 | 0 | ||||||
|
In: Accounting
Unibloc Inc. currently sells 5 million construction set toys per year at a price of $39.95 each. The company has $13.9 million in debt with an average coupon rate of 6% and 15 million shares outstanding, which trade at $39.04. The company's average tax rate is 29%.
The company plans to modernize its production process. The new machines will cost $8.3 million and will reduce the variable cost per unit to $29.96, while increasing fixed costs, including depreciation, to $18.4 million. Sales will be unaffected. They company could rais $8.3 million by borrowing at an interest rate of 6% or by selling more shares at the current stock price.
Part 1
What would be EPS if the investment is financed with debt?
Part 2
What would be EPS if the investment is financed with equity?
Part 3
What number of units sold will lead to the same EPS with debt financing and equity financing (in million)?
In: Finance
Vernon Concrete Company pours concrete slabs for single-family dwellings. Lancing Construction Company, which operates outside Vernon’s normal sales territory, asks Vernon to pour 45 slabs for Lancing’s new development of homes. Vernon has the capacity to build 470 slabs and is presently working on 210 of them. Lancing is willing to pay only $2,690 per slab. Vernon estimates the cost of a typical job to include unit-level materials, $950; unit-level labor, $520; and an allocated portion of facility-level overhead, $1,260.
Required
Calculate the contribution to profit from the special order. Should Vernon accept or reject the special order to pour 45 slabs for $2,690 each?
In: Accounting
(a)Describe intangible assets? Give THREE (3) examples of intangible assets.
(b)How is the cost of the intangible assets be determined if it is acquired by issuance of shares.
(c)Identify THREE (3) typical costs included in the cash purchase of an intangible asset.
(d)Assuming that MCO Bhd acquires the customer list of a social media for RM8,000,000. The company expects to benefit from the information evenly over a four-year period. REQUIRED: Explain the accounting treatment for the customer list acquired by MCO Bhd in accordance with MFRS 138 Intangible Assets.
(e)Based on MFRS 138 Intangible Assets, state TWO (2) criteria that an entity must meet in order for the development costs (e.g. construction of prototypes) to be capitalised?
In: Accounting