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2 years ago

The method of cost estimating that falls between the other two cost estimating methods in complexity is the __________ method.

1 answer:

5 0

The method of cost estimating that falls between the other two cost estimating methods in complexity is the unit-in-place method.

<h3>What is Cost Estimation?</h3>

In the field of project management, cost estimation is the process of estimating all of the costs associated with completing a project within scope and according to its timeline.

Initial, high-level estimates are often used in the earliest stages of project planning and can determine whether or not a project is ultimately pursued. Once a project is approved and an organization chooses to move forward with it, more detailed and granular cost estimates become necessary in order to appropriately allocate various resources.

A thorough cost estimate should include both the direct and indirect costs associated with bringing a project through to completion. Depending on the specifics of the venture, this will likely include various overhead costs (utilities, labor, etc.), labor costs (including both time and wages paid), materials and equipment costs, vendor fees (if the project requires third-party workers, freelancers, or other contractors), and more.

<h3>What is Unit-In-Place Method?</h3>

A technique used by appraisers to estimate the reproduction cost (new) of a structure. The method involves estimating the cost of producing and installing individual components, such as the foundation, exterior walls, and plumbing. Similar methods include the trade-breakdown method and segregated costs method.

Therefore, we can conclude that the correct option is C.

Your question is incomplete, but most probably your full question was:

The method of cost estimating that falls between the other two cost estimating methods in complexity is the __________ method.

A. Comparative unit

B. Quantity survey

C. Unit-in-place

D. Reproduction cost

Learn more about Cost Estimation on:

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Gift Tax GSTT

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3 years ago

Consider a portfolio manager with a $20,500,000 equity portfolio under management. The manager wishes to hedge against a decline

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Answer:

Assume that a month later the equity portfolio has a market value of $20,000,000 and the stock index future is priced at 1150 with a multiplier of 250. Calculate the profit on the equity position.

Calculate the overall profit.

$1,550,000

Explanation:

Assume that a month later the equity portfolio has a market value of $20,000,000 and the stock index future is priced at 1150 with a multiplier of 250. Calculate the profit on the equity position.

Calculate the overall profit.

The manager should be short on the stock index futures because the position on the equity portfolio is long.

Number of contracts required to hedge

= [$20,500,000/(1250*250)] * 1.25 = 82 contracts

Profit on the equity portfolio

= $20,000,000 - $20,500,000 = -$500,000

Profit on the stock index future

= [(1250)(250) – (1150)(250)] x 82 = $2,050,000

Overall profit

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= $1,550,000

therefore, the overall profit is $1,550,000

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3 years ago

If the price of good X increases by 2%, and that causes the quantity demanded of good Y to decrease by 15%, then the cross elast

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Answer:

-7.5%

Explanation:

Cross elasticity of demand is the degree of responsiveness of the quantity of a commodity, Y in this case, to the change in the price of another commodity, X in this case.

Cross elasticity of demand is measured as a percentage change in the quantity of commodity Y divided by the percentage in the price of commodity Y. This can be written mathematically as follows:

Ec = % Change in the quantity of commodity Y divided by the percentage in the prie of commodity X.

Where Ec denoted cross elasticity.

Applying the formula to this question, we have

Ec = -15%/2% = -7.5%

Note that under cross elasticity of demand:

1. Two goods are substitute if the value of their cross elasticity of demand is positive. That is, an increase in the price of good one, good X, will lead to an increase in the quantity demand of the second, good Y.

2. Two goods are complimentary if the value of their cross elasticity of demand is negative.That is, an increase in the price of good one, good X, will lead to an decrease in the quantity demand of the second, good Y.

Therefore in this question, goods X and Y are complimentary because the value of their cross elasticity of demand is -7.5% which is negative.

I wish you the best.

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