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2 years ago

What industry cannot rely on estimation

Business

1 answer:

jeka942 years ago

7 0

There is no industry which can not relay on estimation, all industries needs estimation.

The two primary categories of this profession are construction and manufacturing, according to the Bureau of Labor Statistics. It states that more than half of all cost estimators work in the construction industry, where they may further specialize in projects for homes, businesses, industries, or the government.

Cost estimation aids in setting the project budget, planning the required work, and managing new resources. Cost estimates are also of the utmost importance when trying to win over new clients. Before starting actual building, property owners also utilize cost estimates to evaluate the viability of their projects.

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Sheffield Corp. had the following accounts and balances: Accounts payable $28300 Equipment $34800 Accounts receivable 4550 Land

ser-zykov [4K]

Answer:

The balance on the building account is $44,200

Explanation:

The total value of the right hand side must equal the left hand side of a balance sheet. This means the total asset must equal liability plus shareholder equity.

Total Asset $

Equipment 34,800

Accounts receivable 4,550

Land 34,700

Buildings ?

Cash 14,750

88,800

Total Liability and Equity $

Accounts payable 28,300

Unearned service revenue 9,700

Stockholder's equity 95,000

Total Liability and Equity  133,000

Buildings = Total Liability and Equity - Total Asset

= $133,000 - $88,800 = $44,200

The balance on the building account is $44,200

6 0

3 years ago

Jose does not have a retirement plan at work. He currently earns $30,000 in salary and is in the 15% marginal tax bracket. If he

7nadin3 [17]

Answer:

$825

Explanation:

gross income $30,000

- IRA contribution ($5,500)

adjusted gross income $24,500

- standard deduction ($12,200)

taxable income $12,300

there is no 15% tax bracket, the tax bracket should be 12%, but we can assume it to be 15%:

$0 to $9,700 ⇒ $9,700 x 10% = $970

$12,300 - $9,700 = $2,600 x 15% = $390

total tax liability = $970 + $390 = $1,360

without the IRA contribution:

gross income $30,000

- standard deduction ($12,200)

taxable income $17,800

there is no 15% tax bracket, the tax bracket should be 12%, but we can assume it to be 15%:

$0 to $9,700 ⇒ $9,700 x 10% = $970

$17,800 - $9,700 = $8,100 x 15% = $1,215

total tax liability = $970 + $1,215 = $2,185

difference = $2,185 - $1,360 = $825, which is also equal to $5,500 x 15% = $825

8 0

4 years ago

Student Emergency Financial Services, Inc., which makes small loans to college students, offers to lend $550. The borrower is re

Step2247 [10]

Answer:

Interest per week=17.4%

Explanation:

Using equation

F=P(1+i)^n

where n is the time period,P is the present value and F is the future value

Given F=550,P=42 and n=16 solving equation we will get

i=17.4%

7 0

3 years ago

If the firm’s beta is 1.6, the risk-free rate is 9%, and the average return on the market is 13%, what will be the firm’s cost o

Luden [163]

Answer:

CAPM= RF+B(RM-RF)

= 9+1.6(13-9)

=15.4%

13=RS+1.6*(4)

13=RS+6.4

RS=13-6.4

RS=6.6%

Explanation:

3 0

3 years ago

Mateo has a passion for collecting old watches. He's particularly interested in those from the 1920s because they have a history

hammer [34]

Answer:

D. Authenticity

Explanation: Authenticity describes the genuineness or real nature of something. Mateo wants to ensure that every watch purchases must be those from 1920s and are original. For him,authentic products are his priority and watchword mainly because he has some specific quality connected with the watches manufactured from the 1920s and must be original. Taking the watches to an appraiser is for the appraiser to help in verifying the authenticity of the watches.

4 0

3 years ago

Read 2 more answers