Estimate the total cost of labor today in AED dollars for a construction project using data from a similar project in UAE completed in 2000 at a cost of 5,018,127 million AED. note that Labor index at year 2000 = 789.6 and Labor index 2022 = 1165.8.
Q: A business purchased a machine on the Ist January 2018 at a cost of £100,000. At the time of acquisi...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: ith the lowest capital balances first c. Partners based on their capital balances
A: When a partnership is dissolved , the assets are liquidated and liabilities are paid off
Q: Problem #2 (Adapted) In a high school reunion, Tres met former classmate Uno and Dos. He learned tha...
A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for y...
Q: Amortization schedule must include Interest calculation and a running balance
A: An amortization schedule is to be created for the given data. Amortization of loan has equal monthly...
Q: Question: Rooney has recently finished building a new item of plant for its own use. The item is a p...
A: IAS 16 Property plant and equipment, describes accounting treatment of property plant and equipment,...
Q: 3. What is availability? Give an example showing a violation of availability.
A: Following is a meaning of availability and its examples
Q: Alex Miller, Inc., sells car batteries to service stations for an average of $30 each. The variable ...
A: Break even level = Total fixed costs / Contribution margin per unit where, Contribution margin per u...
Q: Salter Mining Company purchased the Northern Tier Mine for $21 million cash. The mine was estimated ...
A: Purchase cost of Northern Tire Mine $2,10,00,000 Less: Residual value -$10,00,000 $2,00,00...
Q: What would each receive if they chose to 'assign' their pensions?
A: Pension is the amount of money which the employee or the person who has contributed into the pension...
Q: Selected information from the separate and consolidated income statements of Poster Corporation and ...
A: Intercompany sales are the sales made by the head office to their subsidiaries at a lower or equal t...
Q: Share Repurchases. Your company has the following Stockholders”’ Equity as of the beginning of the ...
A: If the company accounts for repurchased shares by retiring them STOCKHOLDERS' EQUITY SECTION Common...
Q: The Chronicle Fabrication Plant had a fire at the beginning of 2019 and most of the records for the ...
A: Estimated Manufacturing Overhead Rate = Total Estimated Manufacturing for the period/ Total Amount a...
Q: Disposition of Assets: Journalizing Mitchell Parts Co. had the following plant asset transactions du...
A: The Cost of an asset represents what is paid to purchase the assets. And the Accumulated Depreciatio...
Q: The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: C...
A: Cash Flow Statement The purpose of preparing the cash flow statement is to know the movement of cash...
Q: Vaughn's assets on December 31, 2020 are $200200. O $302000. O$170600. O $259100.
A: Assets = Equipment + Cash + Supplies + Accounts Receivable
Q: Purchased $360,000 of raw materials on account. Issued direct materials for production: Mixing $252,...
A: The question is based on the concept of Cost Accounting.
Q: Calculate the amount of 1) Basic and 2)Diluted Earnings per Share for the Year ended December 31, 20...
A: EPS is Earnings per share is the measuring rod of the profitability of the company. The basic EPS is...
Q: QUESTION 1 On March 1, ABC Corporation invests $75,000 in a 9-month Certificate of Deposit (CD) that...
A: Adjusting entries are often made at the end of an accounting period. However, depending on the accou...
Q: Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made th...
A: Allowable deduction under IRS is $5,000 each for organizational expenditures and for the start-up co...
Q: Large Company $ $ $ Net sales 379,420 Cost of sales 163,100 Gross profit Selling, general, and admin...
A: Profit margin measures how much money a firm or business activity produces by dividing income by rev...
Q: A. Record the withdrawal of Daryl from the partnership under each of the following independent assum...
A: Since you have asked two questions under a different multi sub-parts kindly resubmit another part to...
Q: Last Chance Mine (LCM) purchased a coal deposit for $750,000. It estimated it would extract 12,000 t...
A: Percentage depletion refers to the method of computation of depletion which is based on percentage d...
Q: On January 24, Keaton sold 200 units of this product. The other 160 units remain in inventory at Jan...
A: Under LIFO Method, units that come in last will be sold first and the inventory will be out of the u...
Q: In the first month of operations, the total of the debit entries to the cash account amounted to $12...
A: Total debit entries = $1230 Total credit entries = $840
Q: ABC Corporation acquired 70 percent of XYZ Corporation on August 1 for P420,000. On that date, XYZ C...
A: Purchase acquisition accounting is a method that is used for recording the purchase of a company on ...
Q: Sunland Company owns equipment that cost $81,000 when purchased on January 2, 2021. It has been depr...
A: >Accounting principle states that the cost of the long term assets (like equipment) is to be capi...
Q: December 31, de real estate ta December 31.
A: As per our protocol we provide solution to the one question only but you have asked three questions ...
Q: Sales Revenue 10,000 9,000 Costs Net Income 2,000 Dividends 500 NEXT YEAR QUESTIONS Sales revenue gr...
A: Dividend: A dividend alludes to an award, cash or otherwise, that an organization provides to its in...
Q: Requlred Informatlon Use the following information for the Exercises below. [The following informati...
A: Solution. Cost = $85,400 Salvage = $5,000 Production = 402,000 units over the useful life Prod...
Q: Which of the following is an exception for application of IFRS 15? O Pharmaceutical contracts O All ...
A: As Per IFRS 15, An entity shall apply this Standard to all contracts with customers, except the foll...
Q: Electronics Outlet employs two workers who, as of the beginning of the current pay period, have earn...
A: Calculation of SUTA tax are as follows
Q: The statement of financial position of XYZ Company on December 31, 2011 is as follows: Assets Liabil...
A: Calculation of fair value of net identifiable assets acquired : Particulars Amount Cash P100...
Q: Account Amount Account Amount Cash at bank 12,500 25,000 Discount received 1,675 Opening stock Posta...
A: Trial balance was an statement used to prepare financial statements where it contains debit and cred...
Q: ABC Company and XYZ Company reported the following condensed Statements of Financial Position on Jan...
A: Consolidated financial statements means financial statements of overall group where conman have one ...
Q: P50,000 140,000 530,000 210,000 Cash Inventory Plant Assets (net) Cost of Goods Sold P50,000 200,000...
A: Goodwill refers to the intangible assets which is linked with the purchase of one business through a...
Q: In year 0, Canon purchased a machine to use in its business for $56,000. In year 3, Canon sold the m...
A: The correct answer for the above mentioned question is given in the following steps for your referen...
Q: What distinguishes an income tax from other taxes?
A: A tax is a governmental entity's required financial charge or other kind of levy put on a taxpayer t...
Q: t the end of November 2016, Caribbean Productions Ltd had 700 units of product BMR400 in store. For ...
A: Contribution margin per unit is the excess of the sales price per unit over variable cost per unit.
Q: nd which of the following statements about the business variance are correct?) - The budgeted sellin...
A: Budgeted cost refers to the future expenses which are forecasted by the company and these costs are ...
Q: Given the following information in standard costing: Standard 18,200 hours at $6.20 Actual ...
A: Direct labor rate variance is a difference between the actual labor hours at budgeted cost and the a...
Q: Calculate the break-even sales revenue and units for the two models of snowboards proposed. Calculat...
A: The question is based on the concept of Cost Accounting,
Q: Variable and Absorption Costing-Service Company Really BC, Inc. prepares a variable costing income s...
A: Absorption costing, often known as "full costing," is a management accounting method for recording a...
Q: Moran owns a building he bought during year 0 for $150,000. He sold the building in year 6. During t...
A: Gain on Sale of Asset: When an asset is sold for more than its carrying value, a gain on the sale o...
Q: Nicole organized a new corporation. The corporation began business on April 1 of year 1. She made th...
A: Organizational expenditures are those that are directly related to the formation of the company. Cap...
Q: The condensed balance sheets of Ayayai Limited, a small private company that follows ASPE, follow fo...
A: The question is based on the concept of Financial Accounting.
Q: Here are the abbreviated financial statements for Planner's Peanuts Income Statement , 2019 Sales ...
A: The question is based on the concept of Financial Accounting.
Q: 18. On January 2, 20x5 Felix paid P4,500,000 cash for a 80% interest in Rivera at a price of P150,00...
A: Introduction Option 3. Value of Closing Investment = P 4,820,000
Q: When using the Indirect Method of preparing the Statement of Cash Flows, in the operating section, s...
A: Under indirect method , it is one of two accounting treatments used to generate a cash flow stateme...
Q: The following data were selected from the records of Sykes Company for the year ended December 31, c...
A: Net sales revenue=Sales revenue-Sales returns and allowances+Sales discounts
Q: Q4 – HW#3 SOLVING THE PROBLEM! Lopez General Services Below are the cash transactions of Lopez Gener...
A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by...
Step by step
Solved in 2 steps
- Question 3 Kako Ltd is considering introducing a new product unto the market. This will require the injection of capital to the tune of GH¢20,000 for the purchase of the equipment for production. The cost of the building that Kako Ltd intends to use for the project is GH¢30,000. The Production and Marketing department has presented the information in the table below: 2019 Variable cost per unit of the product GH¢2 Selling price per unit GH¢6 Quantity 4000 units per annum Again the following information should be taken not of: Feasibility studies cost the company GH¢2000 Test marketing expenses amounts to GH¢3000 Variable cost will increase by 5% per annum Selling price will increase by 10% per annum Marketing expense will be 5% of sales revenue per year An initial working capital investment of GH¢2000 will be made. Subsequently, net working capital at the end of each year will be equal to 10 percent of sales for that year. In the final year of the…Ch 25 Pro. 2 Please give me step by step instructions to calculate the answer. Average Rate of Return—Cost Savings Master Fab Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $99,000 with a $9,000 residual value and a 10-year life. The equipment will replace one employee who has an average wage of $22,950 per year. In addition, the equipment will have operating and energy costs of $4,770 per year. Determine the average rate of return on the equipment, giving effect to straight-line depreciation on the investment. If required, round to the nearest whole percent.__________________ % Liz CProblem 2CONSTRUCTION COMPANY is executing a construction project, which is expectedto take three years. The company has signed a fixed price contract forP12,000,000. The details of the costs incurred to date 2020 are as follows:Site labor costs 1,000,000Costs of construction material 3,000,000Depreciation of PPE used in construction 500,000Marketing and selling costs 1,000,000Total 5,000,000Total contract costs estimated to complete 5,500,000Determine the revenue, costs and profits to be recognized overtime in 2020.REVENUE COSTS GROSSPROFIT/(LOSS)A. 5,400,000 4,500,000 900,000B. 5,400,000 5,500,000 (100,000)C. 6,000,000 4,500,000 1,500,000D. 6,000,000 5,500,000 900,000
- Chapter 4 Exercise Pg.170 Question 2Perform a financial analysis for a project using the format provided in Figure 4-5. Assume the projected costs and benefits for this project are spread over four years as follows: Estimated costs are $200,000 in year 1 and $30,000 each year in years 2, 3, and 4. Estimated benefits are $0 in year 1 and $100,000 each year in years 2, 3, and 4. Use a 9 percent discount rate and round the discount factors to two decimal places. Create a spreadsheet (or use the business case financials template provided on the companion Web site) to calculate and clearly display the NPV, ROI, and year in which payback occurs. In addition, write a paragraph explaining whether you would recommend investing in this project, based on your financial.QUESTION 37 Advanced Products is considering the purchase of a computer-aided manufacturing system that requires an initial investment of $1,750,000 and is expected to provide an increase in net income of $200,000 and average annual cash benefits and savings of $250,000 each year for the next 10 years. Their current cost of capital is 10%. Following are selected factors from tables for 10 years at 10%: FV of $1 FVOA PV of $1 PVOA 2.59374 15.93742 0.38554 6.14457 Required: Evaluate the investment Both Payback and Accounting Rate of Return measures support the decision to purchase of a computer-aided manufacturing system, but do not consider the time value of money. The net present value is negative which is favorable. There are other relevant variables that need to be considered such as any changes in operating costs and any non-financial or qualitative factors. Both Payback and Accounting Rate of Return measures support…Question 2: (A) Brave company is considering the developing of a new product. The following estimated information is about costs and sales have been estimated over the life of the product. Calculate the estimated cycle cost and cost per unit. Year 2021 (OMR) Year 2022 ( OMR) Year 2023 ( OMR) Year 2024 ( OMR) Production costs Variable 2 2 2 Fixed 200,000 200,000 200,000 Development costs 150,000 Marketing 150,000 75,000 75,000 75,000 Volumes ( Units) 150,000 150,000 125,000 Selling price/Unit 8 6 5
- Problem 25-2A Analysis and computation of payback period, accounting rate of return, and net present value LO P1, P2, P3 [The following information applies to the questions displayed below.] Most Company has an opportunity to invest in one of two new projects. Project Y requires a $320,000 investment for new machinery with a five-year life and no salvage value. Project Z requires a $320,000 investment for new machinery with a four-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y Project Z Sales $ 385,000 $ 308,000 Expenses Direct materials 53,900 38,500 Direct labor 77,000 46,200 Overhead including depreciation 138,600 138,600 Selling and administrative…Problem 25-2A Analysis and computation of payback period, accounting rate of return, and net present value LO P1, P2, P3 [The following information applies to the questions displayed below.] Most Company has an opportunity to invest in one of two new projects. Project Y requires a $320,000 investment for new machinery with a five-year life and no salvage value. Project Z requires a $320,000 investment for new machinery with a four-year life and no salvage value. The two projects yield the following predicted annual results. The company uses straight-line depreciation, and cash flows occur evenly throughout each year. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project Y Project Z Sales $ 385,000 $ 308,000 Expenses Direct materials 53,900 38,500 Direct labor 77,000 46,200 Overhead including depreciation 138,600 138,600 Selling and administrative…Q.28 EXO Company is projecting its financial performance for the next year. It plans to set a target fixed asset over sales ratio at a level that would be if they operate at full capacity. Based on the previous year, the company generated a total sale of P250,000,000 with its 100,000,000 fixed assets used at 80% of their full capacity. Determine the target new fixed assets/salles ratio. ANSWER FORMAT: 50%
- CH 5 #7 The New York State Utility Company is considering the construction of a new utility plant. It has accumulated the following cost information: Item Fossil plant (oil and gas) Nuclear plant Initial outlay $60,000,000 $100,000,000 Annual operating cost 15,000,000 20,000,000a Note a This is the projected cost for year 1. It is expected that the operating costs of the nuclear plant will decrease by $2,000,000 per year and level off at $10,000,000. The expected decrease is a result of decreased fuel costs. Both plants have an expected useful life of 50 years. Assume the hurdle rate for this project is 0.05 per year. Which plant should be built? Assume that if the nuclear plant is not built the needed electricity can be purchased at a cost of $16 million per year. Should it be built?Item 6 Time Remaining 1 hour 57 minutes 54 seconds 01:57:54 Item 6 Time Remaining 1 hour 57 minutes 54 seconds 01:57:54 Assume that a company is considering purchasing a machine for $100,000 that will have a seven-year useful life and a $17,000 salvage value. The machine will lower operating costs by $18,000 per year and increase sales volume by 1,000 units per year. The company earns a contribution margin of $3.00 per unit. The company also expects this investment to provide qualitative benefits that it is struggling to incorporate into its financial analysis. Assuming the company’s required rate of return is 17%, the minimum dollar value per year that must be provided by the machine’s qualitative benefits to justify the $100,000 investment is closest to: Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided. Multiple Choice $4,154. $3,054. $3,364. $4,084.A3 9b You are considering a project that will supply an automobile production facility with 35,000 tonnes of machine screws annually for five years. To get the project started, you will need an initial investment of $1,500,000 in threading equipment. The project will last for five years. The accounting department estimates that annual fixed costs will be $300,000 and that variable costs should be $200 per tonne. The CCA rate for threading equipment is 20%. Accounting estimates a salvage value of $500,000 after costs of dismantling. The marketing department estimates that the auto makers will accept the contract at a selling price of $250 per tonne. The engineering department estimates you will need an initial net working capital investment of $450,000. You require a 15% return and face a marginal tax rate of 38% on this project. b. Suppose you believe that the accounting department’s initial cost and salvage projections are accurate only to within ±15%; the marketing department’s…