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3 years ago

What do civil engineer professionals need to do to build long-term relationships with their clients?

Business

1 answer:

svetoff [14.1K]3 years ago

7 0

Answer:

Civil Engineers should develop build long term relationships with their clients so that they can get the projects or work in future.

Explanation:

Every professional need to build good relationship with his/ her client but for Civil Engineers, it is more important than others because:

Civil Engineers do work by building roads, bridges and different buildings. All of these things should have a long life approximately more than 20 years in order to meet the quality and safety standards.
On the basis of above argument, in order to get more work in future or working on same project, civil engineers should develop good relationship with their clients so that they can work with them in future as well as their clients can get them more work by their word of mouth.

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MedPlus Incorporated, based in the United States, hesitates to enter into a joint venture with Azpak Limited, a Sri Lankan compa

Grace [21]

Answer:

Legal Risk

Explanation:

Legal risk are damage, financial, reputational losses or any other form of loss received by a business due to negligence in compliance with the law related to the business. They are prospective fines or loses that a business or an organization receives for not complying with the business law and regulations.

In this case, the prospective loss could come by associating with Azpak limited which have inadequate protection of intellectual property rights.

3 0

3 years ago

Read 2 more answers

Purple Turtle Group buys on terms of 1.5/10, net 60 from its chief supplier.

gizmo_the_mogwai [7]

Answer:

If Purple Turtle receives an invoice for $1,889.99, the true price of this invoice would be $1861.64. The right answer is b

The nominal annual cost of the trade credit extended by the supplier is 11.10%. The right answer is c

The effective annual rate of interest on trade credit is 11.64$

As a result, Purple Turtle can decrease its nominal cost of trade credit by 10.10 % by paying late

Explanation:

In order to calculate what would be the true price of this invoice if If Purple Turtle receives an invoice for $1,889.99 we would have to make the following caluculation:

True Price of invoice= Invoice amount-discount on invoice amount

True Price of invoice = 1,889.99 x (1 - 1.5%) = $1,861.64

The true price of this invoice would be $1,861.64

To calculate The nominal annual cost of the trade credit extended by the supplier we would have to make the following calculation:

Annual Cost of Credit = Discount % / (1-Discount %) x (365 / (Full allowed payment days - Discount days))

Annual Cost of Credit= 1.5 / (100 - 1.5) x 365 / (60 - 10)

Annual Cost of Credit=11.10%

The nominal annual cost of the trade credit extended by the supplier is 11.10%

365/50=7.30 periods where 50 days is a period in one year

Hence, interest rate per period=11.10/7.30=1.52

Therefore, effective annual rate of interest on trade credit=(1.0152)∧7.30-1=11.64%

The effective annual rate of interest on trade credit is 11.64%

The nominal annual cost if Purple Turtle does not take advantage of the discount= Discount % / (1-Discount %) x (365 / (Full allowed payment days - Discount days))

nominal annual cost if Purple Turtle does not take advantage of the discount=1.5 / (100 - 1.5) x 365 / (65 - 10)

nominal annual cost if Purple Turtle does not take advantage of the discount=10.10%

3 0

3 years ago

Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation fo

Kazeer [188]

Answer:

2016 = -$67,000

2017 = $393,000

Explanation:

The income statements for company for each of its first two years under variable costing is shown below:-

Dowell Company

Income statement

Variable costing

Particulars 2016 2017

Sales $966,000 $1,886,000

Less: Variable cost

Direct material $84,000 $164,000

(21,000 × $4) (41,000 × $4)

Direct labor $168,000 $328,000

(21,000 × $8) (41,000 × $8)

Variable overhead $189,000 $369,000

(21,000 × $9) (41,000 × $9)

Variable selling and

administrative expenses $42,000 $82,000

(21,000 × $2) (41,000 × $2)

Total variable cost $483,000 $943,000

Contribution margin $483,000 $943,000

(Sales - Contribution margin)

Less:

Fixed expenses

Fixed overhead $310,000 $310,000

Fixed selling and

administrative expenses $240,000 $240,000

Total of fixed expenses $550,000 $550,000

Net income (loss) -$67,000 $393,000

To determine the net income (loss) we simply deduct the contribution margin from total of fixed assets.

8 0

3 years ago

Two obstacles you may face in your attempt to achieve your goals

egoroff_w [7]

Answer: Perfectionism, Expectations, Distrations, etc.

Explanation:

5 0

3 years ago

Ayala Architects incorporated as licensed architects on April 1, 2017. During tne first month of the operation of the business,

Artyom0805 [142]

Answer:

Ayala Architects

a) Journal Entries:

Apr. 1: Debit Cash $18,000

Credit Common Stock $18,000

To record the issuance of common shares for cash.

Apr. 2: Debit Rent Expense $900

Credit Cash $900

To record the payment of rent for the month.

Apr. 3: Debit Supplies $1,300

Credit Accounts payable (Burmingham Company) $1,300

To record the purchase of supplies on account.

Apr. 10: Debit Accounts receivable $1,900

Credit Service Revenue $1,900

To record the sale of services on account.

Apr. 11: Debit Cash $700

Credit Unearned Service Revenue $700

To record receipt of cash in advance for services.

Apr. 20: Debit Cash $2,800

Credit Service Revenue $2,800

To record the receipt of cash for services rendered.

Apr. 30: Debit Salaries and Wages Expense $1,500

Credit Cash $1,500

To record payment of salaries for the month. ($375 * 4 weeks)

Apr. 30: Debit Accounts payable (Burmingham Company) $300

Credit Cash $300

To record payment on account.

b) T-accounts

Cash

Account Titles Debit Credit

Common stock $18,000

Rent $900

Unearned revenue 700

Service revenue 2,800

Salaries and wages 1,500

Accounts payable 300

Balance 18,800

Accounts Receivable

Account Titles Debit Credit

Service Revenue $1,900

Supplies

Account Titles Debit Credit

Accounts payable $1,300

Accounts Payable

Account Titles Debit Credit

Supplies $1,300

Cash $300

Balance 1,000

Unearned Service Revenue

Account Titles Debit Credit

Cash $700

Common Stock

Account Titles Debit Credit

Cash $18,000

Service Revenue

Account Titles Debit Credit

Accounts receivable $1,900

Cash 2,800

Balance $4,700

Salaries and Wages Expense

Account Titles Debit Credit

Cash $1,500

Rent Expense

Account Titles Debit Credit

Cash $900

c) Trial Balance

As of April 30, 2017:

Account Titles Debit Credit

Cash $18,800

Accounts receivable 1,900

Supplies 1,300

Accounts payable $1,000

Unearned Service Revenue 700

Common Stock 18,000

Service Revenue 4,700

Salaries and wages exp. 1,500

Rent Expense 900

Totals $24,400 $24,400

Explanation:

a) Data and Analysis:

Apr. 1: Cash $18,000 Common Stock $18,000

Apr. 2: Rent Expense $900 Cash $900

Apr. 3: Supplies $1,300 Accounts payable (Burmingham Company) $1,300

Apr. 10: Accounts receivable $1,900 Service Revenue $1,900

Apr. 11: Cash $700 Unearned Service Revenue $700

Apr. 20: Cash $2,800 Service Revenue $2,800

Apr. 30: Salaries and Wages Expense $1,500 Cash $1,500 ($375 * 4 weeks)

Apr. 30: Accounts payable (Burmingham Company) $300 Cash $300

5 0

3 years ago