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Sauron [17]
3 years ago
8

3. What role does estimating play in the success of a construction company?

Business
1 answer:
Andrews [41]3 years ago
5 0

Estimating is the process of evaluating a job to see how much it will cost to do. This is very important, because the company first has to evaluate the costs, then factor in how much profit margin they need to make. That total number is the amount they will bid for the project, and their bid has to compete with all the other construction companies who want the job.

If the price is too high, their bid might not get picked. If it is too low, they may get picked and not have enough money to finish the job. It is very important to get the first step of estimating correct.

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Olivia contracts to buy a refrigerator from a Prairie State Appliance store with the price to be paid in monthly installments. L
Alex_Xolod [135]

Answer:<em> The doctrine of unconscionability </em>

Explanation:

Here, in this particular case Olivia is asserting <em>unconscionability  </em>which is a doctrine under contract law<em>. </em>Unconscionability often referred to as unconscionable conduct is the doctrine under the discipline of contract law which tends to describes the terms that are known to be extremely unfair, or at times overwhelmingly biased in the favor of a group or individual that tends to have higher haggling power, which are known to be contrary to the good moral science.

6 0
3 years ago
You want to retire exactly 30 years from today with $1,980,000 in your retirement account. If you think you can earn an interest
iren [92.7K]

Answer:

$841

Explanation:

Let the amount of deposit you need to fund each month is a

n= 30 years = 30 x 12 = 360 months

The amount of money you desire to have in 30 years (FV) = $1,980,000

i/r = 10.19%/year = 0.849%/month

Based on these given information, you can either choose to:

1) Solve the following equation:

a x 1.00849^360 + a x 1.00849 ^359 + a x 1.00849^358 + ... + a x 1.00849^1 + a = $1,980,000

2) Input given information into excel/financial calculator:

n = 360

FV = $1,980,000

i/r = 0.849

PV = 0

Find PMT (a). PMT (a) = $841

3 0
3 years ago
Smooth Fusion Inc. is a software company, which has built and acquired numerous assets over the years. According to the resource
ser-zykov [4K]

Answer: Option C

           

Explanation:

The human resource of any company is the most valuable resource as the use of all other resources are dependent on it.

In the given case, the company have acquired a lot of assets over the years, that means the company do not lack in technology and physical resources like machinery etc.

Now the company can gain a competitive advantage by using the expertise of their employees in usage of the assets acquired.

Hence from the above we can conclude that the correct option is C .

8 0
3 years ago
What goals does the international monetary fund serve today?
makvit [3.9K]

The international monetary fund is an organization that is made up of 190 countries whose goals are to build international trade, promote economic development, and reduce poverty in the world.

The International Monetary Fund is a committee of many nations that are committed to developing the economy of their nations.

  • The goal is to reduce poverty and encourage international trade among nations.

  • They assist nations whose economies are struggling with loans that can help them wade through their difficult times.

Summarily, the IMF aims to reduce poverty in the world.

Learn more about IMF here:

brainly.com/question/10346932

8 0
3 years ago
Maggie Sharrer Company borrows $88,500 on September 1, 2022, from Sandwich State Bank by signing an $88,500, 12%, one-year note.
faust18 [17]

Answer:

The accrued interest at December 31, 2022 amounts to $3,540

Explanation:

Accrued Interest = Amount borrowed × rate × Number of months/ 12

where

amount borrowed is $88,500

rate is 12%

= $88,500 × 12% × 4/12

= $3,540

The accrued interest for one year note is $3,540

Note: Number of months from September to December will be 4 months that is September, October, November and December.

8 0
3 years ago
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