In: Accounting
Suburban Homes Construction Project Quality Management Plan (QMP)
Prepare a quality management plan using the elements described in the PMBOK 6e (Section 8.1.3.1) for the Suburban Homes Construction Project.
Content (90 points) Over the course the semester you’ve become familiar with the project and as part of the overall project management plan, a quality management plan is needed to communicate how quality will be met to the satisfaction of each stakeholder involved in a typical residential construction project.
You should perform research on quality standards associated with residential construction to determine applicable standards. At least four (4) quality objectives associated with the project should be defined.
As part of the section on quality tools, include a separate appendix with at least three (3) quality tools that will be used as a part of the project. These can be drawn from: 1) flow charts, 2) check sheets, 3) Pareto diagrams, 4) histograms, 5) control charts, 6) scatter diagrams, 7) affinity diagrams, 8) process decision programs charts, 9) interrelationship digraphs, 10) tree diagrams, 11) prioritization matrices, 12) activity network diagrams, 13) matrix diagrams, 14) inspections, and 15) statistical sampling.
Last, about 1/3 of the plan should be devoted to major procedures relevant for the project for dealing with non-conformance, corrective actions procedures, and continuous improvement procedures.
If information needed to complete a QMP is not explicitly stated in the scenario description or other project artifacts you’ve created or collected for this scenario in the past units, then develop (make-up) the information you need to complete the plan. Use tables and illustrations as needed to convey information.
The plan (excluding the separate appendix) should be approximately 4 to 5 pages.
In: Operations Management
package construction;
public class Bid{
private String contractor;
private float price;
public Bid(String contractor, float price) {
this.contractor = contractor;
this.price = price;
}
public String getContractor() { return contractor; }
public float getPrice() { return price; }
}
package construction;
public class ContractorBids{
// assume proper variables and other methods are here
public void winningBid(Bid[] bids, int numBids){
/****************************
* your code would go here *
****************************/
}
}
You are doing renovations on your building, and multiple contractors have given bids. Given the above Bid and ContractorBids class, write code that should go in the area marked * your code would go here * to complete the “winningBid(Bid[] bids, int numBids)” method. The output should be printed to the console (screen). There are numBids Bids in the array Bid[] bids. These items are in locations 0 to numBids - 1 of the array.
Each Bid item should have its contractor and price output on a single line. There will be marks for properly right justifying the price and outputting two decimals. As you are printing the Bid objects, you should keep track of the Bid object with the lowest price. At the end print the contractor name followed by the price, a finder's fee of 10% and the total price. For example, if the Bid array had 3 Bids, a Carl's Construction with $40 000, a Pat's Paving for $50 000, and Debbie's Demolition for $30 000, we would get the following output.
Top Bids:
Carl's Construction 40000.00
Pat's Paving 50000.00
Debbie's Demolition 30000.00
The winning bid goes to Debbie's Demolition.
Price: $30000.00 Finder's Fee: $3000.00 Total: $33000.00
In: Computer Science
For those fortunate souls who do not need glasses, the lens of the eye adjusts its focal length in order to form a proper image on the retina. This typically means that very distant objects as well as objects as close as 25 cm can be seen clearly. Many of us need corrective lenses since the lens in our eye cannot adjust sufficiently to produce a clear image over the full range object distances. This may be because the lens itself does not adjust well or because the eye is either longer or shorter than ‘normal’. In the case of someone who is nearsighted (can see up close) the eye may only be able to see clearly items up to 50cm or 1m away (this would be the far point). In order to see something further away, a lens (either glasses or contacts) is used to produce a virtual image of a distant object at the person’s far point. Their eye can then accommodate the rest of the way and produce a clear image. Suppose a person who has a far point of 63.0 cm is trying to view a distant object. What is the focal length (with correct sign) of a lens that would take a distant object and make an image on the same side of the lens as the object a distance 63.0 cm from the lens? Incorrect.
Is the lens converging or diverging?
Lenses are prescribed in terms of their refractive power, which is expressed in terms of diopters (see the text or your favorite search engine for the definition of a diopter). What is the refractive power of this lens in terms of diopters? (do not enter units.)
In the case of someone who is farsighted, the eye is not able to focus clearly on objects closer than a certain distance. This closest point on which a person’s eye can focus is called the near point. In this situation the corrective lens is used to make an object closer than the near point produce an image further away from the lens at the near point. Suppose a person who has a near point of 53.1 cm is trying to view a book at a distance of 25.0 cm. What is the focal length (with correct sign) of a lens that would take the book and make an image on the same side of the lens as the book a distance 53.1 cm from the lens?
Is the lens converging or diverging?
What is the refractive power of this lens in terms of diopters? (do not enter units.)
In: Physics
Total Cost Method of Product Pricing
Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 6,500 units of cell phones are as follows:
| Variable costs: | Fixed costs: | |||
| Direct materials | $ 72 | per unit | Factory overhead | $235,700 |
| Direct labor | 33 | Selling and administrative expenses | 82,800 | |
| Factory overhead | 22 | |||
| Selling and administrative expenses | 17 | |||
| Total variable cost per unit | $144 | per unit | ||
Smart Stream desires a profit equal to a 15% return on invested assets of $702,520.
a. Determine the total cost and the total cost amount per unit for the production and sale of 6,500 units of cellular phones. Round the cost per unit to two decimal places.
| Total cost | $ ??? |
| Total cost amount per unit | $ ??? |
b. Determine the total cost markup percentage
(rounded to two decimal places) for cellular phones.
??? %
c. Determine the selling price of cellular
phones. Round to the nearest cent.
$ ??? per cellular phone
In: Accounting
In: Finance
Bond J is a 3.7% coupon bond. Bond K is a 9.7% coupon bond. Both bonds have 15 years to maturity, make semiannual payments and have a YTM of 6.7%.
If interest rates suddenly rise by 2%, what is the percentage price change of these bonds?
| Percentage change in price of Bond J | % |
| Percentage change in price of Bond K | % |
What if rates suddenly fall by 2% instead?
| Percentage change in price of Bond J | % |
| Percentage change in price of Bond K | % |
In: Finance
In 2021, 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 2023. Information related to
the contract is as follows:
| 2021 | 2022 | 2023 | |||||||||
| Cost incurred during the year | $ | 3,471,000 | $ | 4,005,000 | $ | 1,566,400 | |||||
| Estimated costs to complete as of year-end | 5,429,000 | 1,424,000 | 0 | ||||||||
| Billings during the year | 2,900,000 | 4,576,000 | 2,524,000 | ||||||||
| Cash collections during the year | 2,700,000 | 4,500,000 | 2,800,000 | ||||||||
3. Complete the information required below to
prepare a partial balance sheet for 2021 and 2022 showing any items
related to the contract.
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.
| 2021 | 2022 | 2023 | |||||||||
| Cost incurred during the year | $ | 2,490,000 | $ | 3,845,000 | $ | 3,290,000 | |||||
| Estimated costs to complete as of year-end | 5,690,000 | 3,190,000 | 0 | ||||||||
5. 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.
| 2021 | 2022 | 2023 | |||||||||
| Cost incurred during the year | $ | 2,490,000 | $ | 3,845,000 | $ | 4,035,000 | |||||
| Estimated costs to complete as of year-end | 5,690,000 | 4,190,000 | 0 | ||||||||
3.
Complete the information required below to prepare a partial balance sheet for 2021 and 2022 showing any items related to the contract.
|
||||||||||||||||||||||||||||||||||||||||||||||
4.
Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years using the above information. (Leave no cells blank - be certain to enter "0" wherever required. Loss amounts should be indicated with a minus sign.)
|
5.
Calculate the amount of revenue and gross profit (loss) to be recognized in each of the three years using the above information. (Leave no cells blank - be certain to enter "0" wherever required. Loss amounts should be indicated with a minus sign.)
|
In: Accounting
The first step in testing for impairment of goodwill is to
compare the fair value of the reporting unit with its book value, including goodwill.
assess qualitative factors that indicate whether the fair value of the reporting unit is greater or less than its carrying value.
measure the fair value of the reporting unit and the fair value of the identifiable assets of the reporting unit.
compare the fair value of the reporting unit with its book value, excluding goodwill.
Impairment losses may be reversed under
| Set | GAAP | IFRS |
| I. | Yes | Yes |
| II. | Yes | No |
| III. | No | Yes |
| IV. | No | No |
Set III
Set II
Set I
Set IV
Given the following information for Blue Bell Company for last year:
| Net sales (all on account) | $5,200,000 | |
| Cost of goods sold | 2,080,000 | |
| Interest expense | 240,000 | |
| Income tax expense | 280,000 | |
| Net income | 420,000 | |
| Income tax rate | 40% | |
| Total assets: | ||
| January 1 | $1,800,000 | |
| December 31 | 2,400,000 | |
| Shareholders' equity (all common): | ||
| January 1 | 1,500,000 | |
| December 31 | 1,600,000 | |
| Current assets, December 31 | 700,000 | |
| Quick assets, December 31 | 400,000 | |
| Current liabilities, December 31 | 300,000 | |
| Net accounts receivable: | ||
| January 1 | 200,000 | |
| December 31 | 180,000 | |
| Inventory: | ||
| January 1 | 210,000 | |
| December 31 | 250,000 | |
Refer to Exhibit 4-1. Blue Bell's inventory turnover for the year
was
9.0 times
12.0%
8.3 times
11.1%
On January 1, 2016, Olvert Corp. signed a contract to have Bob's Builders construct a distribution center at a cost of $10,000,000. It was estimated that it would take two years to complete the project. Also on January 1, 2017, to finance the construction cost, Tolvin borrowed $10,000,000 payable in five annual installments of $4,000,000 plus interest at the rate of 6%. During 2017, Tolvin made the following construction-related expenditures:
| Date | Amount |
| 2/1 | $2,200,000 |
| 5/1 | $1,700,000 |
| 8/1 | $ 700,000 |
| 11/1 | $ 400,000 |
What amount should Tolvin report as capitalized interest at
December 31, 2017?
$621,000
$300,000
$207,000
$150,000
In: Accounting
My friend owns a small old house that is worth approximately $1.1 million. Given the improved real estate market, my friend is considering that over the next three years, she would have the option of tearing down this small old house and build a more expensive house. Her research suggests that the current cost of tearing down the old house and building a new more expensive will be approximately $800,000 and that she should assume that the expected cost would increase by 3%/year in the future. The current value of a comparable house to the one she is thinking of building is approximately $1.8 million. Finally, she believes that the standard deviation of the annual changes in homes prices in this price range is approximately 50%/year. Ignoring flexibility, what is the current expected NPV of the investment to tear down the old house and build the more expensive home (assume the cost of construction occur at time 0)? What is the value of the option to tear down the original house and build a new one anytime over the next three years? (Apply a two-period per year binomial model.)
In: Finance