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aivan3 [116]
3 years ago
7

Prepare a cost estimate for the construction of a small, high quality, office building that contains 18,525 square feet of floor

area. Use the data on the last page to prepare the estimate. Assume the cost of design for the project is 7% of construction, and a site-work cost of $180,000. What range or percentage of this cost would you recommend to define the level of accuracy
Business
1 answer:
Cerrena [4.2K]3 years ago
3 0

Answer: $2197570

Explanation:

The cost estimate is prepared below:

Base cost = $101.15 × 18525 = $1873804

Add: Site work cost = $180000

Total = $1,873,804 + $180,000 = $2053804

Add: Design fees = 7% × $2053804 = 0.07 × $2053804 = $143766

Estimated cost = $2053804 + $143766 = $2197570

The range or percentage of this cost will be +50%.

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Beautiful Lawns Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various age
mr_godi [17]

Answer:

$3,000

Explanation:

Calculation to determine How much bad debts expense will Beautiful Lawns report in 2016

Using this formula

Bad debts expense=Estimated doubtful accounts -Allowance for Doubtful Accounts credit balance

Let plug in the formula

Bad debts expense=$3,600-$600

Bad debts expense=$3,000

Therefore The amount of bad debts expense that Beautiful Lawns will report in 2016 is $3,000

8 0
3 years ago
As jamal's income rises, his demand for pizza does not change. it follows that, for jamal, pizza is a(n)
irga5000 [103]
<span>The pizza is a neutral good. A neutral good is a good whose demand is not changed even though the income provided by the good is changed. A person's income can go either up or down, but their desire to buy more or less of Jamal's pizza will not change, so pizza sales will not go up or down. Demand and income are not tied to each other.</span>
8 0
3 years ago
On January 1, 2020, Korsak, Inc. established a stock appreciation rights plan for its executives. It entitled them to receive ca
kykrilka [37]

Answer:

$570,000

Explanation:

Missing question: <em>"On December 31, 2022,50,000 SARs are exercised by executives. What amount of compensation expense should Korsak recognize for the year ended December 31, 2020"</em>

Amount of compensation expense = [(33-20)*120,000*3/4] - [(30-20)*120,000*2/4]

Amount of compensation expense = [13*120,000*3/4] - [10*120,000*2/4]

Amount of compensation expense = 1,170,000 - 600,000

Amount of compensation expense = $570,000

So. the amount of compensation expense that Korsak should recognize for the year ended December 31, 2020 is $570,000.

8 0
3 years ago
Each listed stock option contract gives the holder the right to buy or sell __________ shares of stock.
TEA [102]

Every indexed stock choice agreement offers the holder the right to buy or promote a hundred shares of stock.

A share is a piece of the agency an investor can personalize. A proportion is a unit of ownership (e.g., you very own 10 shares), whereas inventory is a measurement of fairness (e.g., you personal 10% of the agency). think of stocks as a small portion of an enterprise.

Definition: 'stock' represents the holder's part-possession in a single or several groups. in the meantime, 'percentage' refers to an unmarried unit of possession in a corporation. as example, if X has invested in stocks, it is able to imply that X has a portfolio of shares across special companies.

Shares are gadgets of fair ownership in an organization. For some companies, shares exist as an economic asset providing for an identical distribution of any residual earnings, if any are declared, in the form of dividends.

Learn more about Shares here: brainly.com/question/25818989

#SPJ4

4 0
1 year ago
Using the midpoints method, calculate the price elasticity of demand of Good X using the following information: When the price o
grin007 [14]

Answer:

Explanation:

In response to the price rise from $50 to $60, the quantity demanded of product X  drops from 400 to 300 units. We know that price elasticity of demand is a measure of the responsiveness of changes in demand as a result of a price change. Thus,

% change in price = \frac{Change in price}{Average of the prices}

          = \frac{60-55}{55} = 0.1818

% Change in Quantity demanded

=\frac{Change in quantity demanded}{Average quantity demanded}

= \frac{300-400}{350}

= -0.2857

Thus,

Price elasticity of demand = \frac{percentage change in quantity demanded}{percentage change in price}

= \frac{-0.2857}{0.1818}

= -1.5715

Therefore, the price elasticity of demand = -1.5715

4 0
3 years ago
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