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GaryK [48]
3 years ago
13

Two contractors are comparing the stages of the design phase for a construction project. Contractor A says that the approval of

the completed DD documents by the owner occurs during the design development stage. Contractor B says that the schematic design stage is the last stage that occurs. Which one of the following statements is correct?A)Only Contractor A is correctB)Only Contractor A is correctC)Both Contractor A and Contractor B are correctD)Neither Contractor A and Contractor B are correct
Business
1 answer:
timama [110]3 years ago
7 0

Answer:

The correct answer is the option A: only Contractor A is correct.

Explanation:

To begin with, the design phase regarding a construction project involves the convertion of the idea and instructions into a creatable plan. Furthermore, this design stage counts with common but fundamental stages itself as well, including the schematic design, the design development, the construction documents and the construction administration.

Secondly, the <u>shematic design is the first stage</u> of the design phase for a construction project and it requires to understand what the client is looking for and to translate ideas into concepts.

Finally, the development design is the second stage of the design phase for a construction project and it involves many modifications to the original idea and also the <u>approval of the conceptual design by the client</u> in order to move forward to the next stage.

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A construction company plans to invest in a building project. there is a 30% chance that the company will lose $30,000, a 40% ch
kati45 [8]
<span>Based on this information, there is a a 30% chance of the company losing money and a 70% chance that they do not lose any money. However, there is also only a 30% chance that the company gains any profits from this deal. I would recommend that the company not invest in this building project as the rate of return is not high enough compared to the risk of no return.</span>
7 0
3 years ago
Read 2 more answers
The straight-line depreciation method and the double-declining-balance depreciation method: Multiple Choice Are acceptable for t
fiasKO [112]

Answer:

The straight-line depreciation method and the double-declining-balance depreciation method:

Produce the same total depreciation over an asset's useful life.

Explanation:

The straight-line and the double-declining-balance depreciation methods are two of the four depreciation methods allowed by US generally accepted accounting principles (GAAP).  The other two methods are sum of the years' digit and units of production.  The straight-line method is calculated by subtracting the salvage value from the asset's cost and either dividing the depreciable amount by the number of years or applying a fixed rate on the depreciable amount.  For the double-declining-balance method, 100% is divided by the number of years of the asset's useful life and then multiplying by 2 to obtain the depreciation rate.  Depreciation expense is then calculated on the declining balance until the salvage value is left.  This is why they produce the same depreciation over the asset's useful life.

3 0
3 years ago
You were hired as a consultant to Fenerbahce SK Company, whose target capital structure is 35% debt, 10% preferred, and 55% comm
qwelly [4]

Answer:

10.0775%

Explanation:

The formula to compute WACC is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of  common stock) × (cost of retained earning)

= 0.35 × 6.50% × (1 - 0.40) + (0.10 ×6%) + (0.55 × 14.75%)

= 1.365% + 0.6% + 8.1125%

= 10.0775%

Simply we multiply the weighatge with the capital structure cost

3 0
3 years ago
1. Brian Brewster sold property to a buyer who paid him $400,000 cash and the buyer assumed Brian’s existing mortgage of $150,00
nalin [4]

Answer:

gain on sale of property = $330,000

so correct option is E) $330,000

Explanation:

given data

sale price = $400,000

existing mortgage = $150,000

property cost = $250,000

improvements = $50,000

Depreciation = $100,000

selling expenses = $20,000

to find out

the amount of gain realized

solution

we find first net sale price that is

net sale price = sale price + existing mortgage - selling expenses   ..........1

put here value we get

net sale price = $400,000 + $150,000 - $20,000

net sale price = $530,000

and

net book value of property is

net book value = property cost  + improvements - Depreciation   ..........2

put here value we get

net book value =  $250,000 + $50,000 -  $100,000

net book value = $200,000

so

gain on sale of property is

gain on sale of property = net sale price - net book value of property ..........3

put here value we get

gain on sale of property = $530,000 - $200,000

gain on sale of property = $330,000

so correct option is E) $330,000

3 0
3 years ago
Read 2 more answers
True or False: If Van's Fire Engines were a competitive firm instead and $105,000 were the market price for an engine, decreasin
S_A_V [24]

Answer:

False

Explanation:

As for the given instance, the market is not solely dependent on Van's Fire Engines, as it is a competitive market.

The supply and demand are inversely proportional and does not depend on change of price in a competitive market.

Accordingly even after decline in the price from $105,000 to $90,000, the production quantity will not be affected similarly with the same proportion.

Further, Total revenue might be affected as with decrease in price might light to more sale, and there might be slight change both upward or downward in such sales revenue.

But since the change will never be in same proportion to change in price.

Thus, the statement above is false.

5 0
3 years ago
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