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- Categorize the following costs as (a) direct, (b) project indirect,or (c) fixed overhead:LaborMaterialsMain office rentalTools and minor equipmentField officePerformance bondSales taxMain office utilitiesSalaries of managers, clerical personnel, and estimatorsWhat is the company's working capital? TABLE P3.3 Balance Sheet, Peachtree Construction (31 December 2016) Assets Current assets Cash $243,146 Accounts receivable Trade accounts 201,573 Retainage 42,147 Total accounts receivable 243,720 Material inventory 1,873 76,142 Work in process (costs and estimated earnings in excess of billings) Prepaid expenses 6,148 Other current assets 782 Total current assets 571,811 Fixed assets 542,173 Machinery and equipment Cars and trucks 49,214 Furniture and fixtures 5,812 Total depreciable assets 597,199 Less accumulated depreciation 291,314 Net fixed assets 305,885 Total assets 877,696 Current liabilities Accounts payable 236,144 Retainage payable 21,312 Notes payable 84,211 Accrued liabilities 15,827 Work in process (billings in excess of costs and estimated 5,163 earnings) Other current liabilities 1,421 Total current liabilities 364,078 Long-term liabilities 138,481 Total liabilities 502,559 Capital stock 15,000 360,137 Retained earnings Total net…The first progress payment received by the contractor is signifiedby the first vertical segment of the income curve inFigures 4.1, 4.2, and 4.3. Why is this first payment shown atthe end of the second month instead of at the end of the firstmonth?
- 5. Assume a project where all possible receipts and payments, including the retention, are due one month after the project ends. For this project, the total amount of cash generated one month after the project have been received and all bills have been paid) will be equal to a. Gross profit b. Net profit c. Project contract amount d. General overhead over (when all paymentsAfter setting the equations in matrix form from part b) above, calculate all the cofactors of Matrix A. f) Which of the three resources do you expect Contractor 1 to price the most? Give two (2) reasons for your answer. g) Hence or otherwise, determine the price of Contractor 1’s labour, machinery and technology. NO HANDWRITING PLEASE. I HAVE A HARD TIME UNDERSTANDING. THANK YOU.The activities involved in the construction of a small building are given below. The price of the work contained in each activity is listed in the table. The contractor undertaking this project would like you to prepare graphs of cumulative expense and income to date against time for activities starting as early as possible. The mark-up is 10% of tender value and retention is 5%. Measurement is made monthly with a payment delay of one month. The retention is paid at the end of the contract. To simplify the calculations, you may assume that all costs must be met by the end of the month in which they are incurred. What is the maximum amount of cash the contractor needs to execute this contract and when does he require this amount? No. Activity Duration (months) Predecessors Overlap Value (LE) 10 20 30 40 50 60 Excavation Concrete bases Erect frames Concrete floor slab Fix cladding Install plant 2 3 1.5 1 1.5 1 - 10 20 20 30 40, 50 - 1 1 1 1 - 9000 12000…
- Alpha Associates has the following details: Fixed cost = Rs.20,000,000 Variable cost per unit = Rs. 100 Selling price per unit = Rs. 200 Find (a) The break-even sales quantity. (b) The break-even sales (c) If the actual production quantity is 60,000, find contribution; and (i) (ii) margin of safety by all methods. ITThe process of controlling workflow procedures in the project, and to ensure the achievement of financial benefits, it must be programmed and scheduled in one of the approved methods, including (the method of events on shares). What are the benefits of using this method?7]Advantage of Measured or Unit rate Contract اختر أحد الخيارات a. the tender sum tells him the exact cost of the project. Sometimes the employer will be working within a tight margin of budget O b. The employer pays for the actual work executed Ⓒ c. No conflicts will be anticipated as to extras or omissions d. Both parties need a smaller number of staff for book-keeping accounting and measurement
- QUESTION 23 Costs that include items that cannot be readily charged to any one project, but represent the cost of operating the construction company are known as overhead: a. Field O b. Home office OC. project O d. All of the abovea) Draw the cash flow diagram for a project if the contractor expenditures in the beginning of the project is (25000$) and he receives payments (8000$, 10000$, and 13000$) after (2, 4, and 8) months respectively. b) For the question (Q2-a), what is the compound amount of money if the contractor save the initial cost (25000$) in a bank offering interest rate (9%) yeariny10. Discuss what is the intended use for each of the following cost models? a. Project budget b. Project cost breakdown or schedule of values c. Progress estimates d. Change order estimates e. Project cash flow f. Final estimate