On January 10, 2017, CitiDev Corp., a real estate developer signed a construction loan agreement with Citibank of $100 million for a development project in Midtown, Manhattan. The loan is to be disbursed over the construction period and the loan balance is due 3 years after the completion of the project. The loan bears interest rate at 8 percent. On March 15th 2017, Citibank disbursed $5 million of the $100 million to CitiDev. Citibank withheld $500k of the $5 million as loan closing costs, hence, the undrawn loan balance after the disbursement was $95 million. What journal entry should CitiDev Corp record upon the loan disbursement on March 15th, 2017?
In: Accounting
1. Discuss the use of the C.B.R. value in the design of pavement.
2. Discuss some of the defects you will encounter in maintenance of roads.
3. What is the use of a grader and a scraper in the construction of road?
4. Briefly explain the Marshall test. Discuss the use of the test.
5. Outline three methods by which the viscosity of bitumen can be reduced to facilitate its application.
6. Discuss the functions of a primer in bituminous surfacing.
8. A drainage system is an important part of any road. Discuss its functions.
9. Explain the concept of “equivalent standard axle”.
10. List the pre-construction activities which will be necessary for a new road deviation in a rural area.
In: Civil Engineering
Today, the most significant new factor impacting the construction industry is the "green building, or sustainable building" movement. & The US Green Building Council initiated a concept and plan that is known as LEED, which stands for Leadership in Energy and Environment Design. This movement is already having the most significant impact on the mechanical, electrical and plumbing systems design that has occurred since the Clean Water Act was passed by the US Congress nearly 40 years ago. The MEP Plans and Specifications are now being changed to comply with the elements of the green building movement.
What do you know about this as-of-now? And, what do you think the short term and long term effects will be on construction?
In: Civil Engineering
What is the human resource cost of hiring and maintaining employees in a company? Studies conducted by Saratoga Institute, Price-Waterhouse-Coopers Human Resource Services, determined that the average cost of hiring and employee is $3,270, and the average annual human resource expenditure per employee is $1,554. The average health benefit payment per employee is $6,393, and the average employer 401(k) cost per participant is $2,258. According to a survey conducted by the American Society for Training and Development, companies annually spend an average of $955 per employee on training, and, on average, an employee receives 32 hours of training annually. Business researchers have attempted to measure the cost of employee absenteeism to an organization. A survey conducted by CCH, Inc. showed that the average annual cost of unscheduled absenteeism per employee is $660. According to this survey, 35% of all unscheduled absenteeism is caused by personal illness.
(Could this done with no calculus to make sure my answer matches up with the work I did, thank you)
In: Statistics and Probability
A long, thin solenoid has 600 turns per meter and radius 2.6 cm.
The
current in the solenoid is increasing at a uniform rate
dI/dt. The induced
electric eld at a point near the center of the solenoid and 3.80 cm
from
its axis is 8.00 10 -5 V/m. Calculate
dI/dt
In: Physics
2. Why is it useful to have mechanisms for direct cell to cell communication and for long distance communication with cells not near each other?
3. Why would bacterial cells need to communicate with each other? What is the advantage? Find an example bacteria that communicate and how do they communicate?
please answer both questions
In: Biology
White light falls in, near the normal direction, against a thin oil film lying on a glass plate. Two colors with wavelengths of 525nm and 650nm clearly dominate the reflected light. Assume that the refractive index of the oil is 1.25 and the refractive index of the glass is 1.5.
Determine the thickness of the film and the order of interference for the dominant colors.
In: Physics
One positive and one negative charges identical in magnitude are place near each other. At halfway between the two charges...
| the electric field is zero and the potential is zero. |
| the electric filed is not zero and the potential is positive. |
| the electric field is not zero and the potential is zero. |
| None of these statements is true. |
| the electric field is not zero and the potential is negative. |
In: Physics
All else equal, firms with higher leverage (D/E ratio) tend to have higher betas. However, when firms are heavily levered (near the “zone of insolvency” or bankruptcy), their betas tend to drop significantly. Without mentioning anything about the equation for beta, briefly explain why this phenomenon might occur.
In: Finance
This is really a business ethics question
Some would say that given the rash of ethical scandals in the last 20 years, that ethical business behavior is waning. Given what you now know about corporate governance, do you think that ethics will be more or less important to business in the near future? In the distant future?
In: Operations Management