1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aivan3 [116]
2 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]2 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%.

You might be interested in
On January 1, 2015, East Lansing, Inc, issues $2,000,000 of 10 percent, 5-year bonds that pay interest of $100,000 semiannually.
Trava [24]

Answer:

The answer is option D

Explanation:

The bond can be issued at par, at a discount or at a premium depending on the coupon rate and the market interest. The price of the bond which pays semi annual coupon can be calculated using the formula of bond price. The formula to calculate the price of the bond is attached.

First we need to determine the semi annual coupon payment, periods and YTM.

Semi annual coupon payments = 2000000 * 0.1 * 6/12 = 100000

Semi annual periods = 5 * 2 = 10

Semi annual YTM = 0.08 * 6/12 = 0.04

Bond Price = 100000 * [(1 - (1+0.04)^-10) / 0.04]  +  2000000 / (1+0.04)^10

Bond Price = $2162217.916

The price of the bond is thus $2162290 approx. The difference in answers is due to rounding off.

5 0
3 years ago
Suppose you own an apartment and the government sets a price control on the monthly amount you can charge a person to live there
k0ka [10]
The answer is Rent Control.
4 0
3 years ago
Read 2 more answers
Prepare a 2019 individual tax return using the following fact pattern. Compute net tax payable or refund due for Alice and Bruce
Lana71 [14]

Answer:

Oof thats a long question.

Explanation:

4 0
2 years ago
Cash 30,000 Accounts receivable 65,000 Inventory 72,000 Marketable securities 36,000 Prepaid expenses 2,000 Intangible assets 40
lyudmila [28]

Answer:

2.7 times

Explanation:

The computation of the current ratio is shown below:

Current ratio = Current assets ÷ Current liabilities

where,

Current assets = Cash + account receivable + inventory + marketable securities  + prepaid expense

= $30,000 + $65,000 + $72,000 + $36,000 + $2,000

= $205,000

And, the current liabilities is

- Account payable + accrued liabilities + short term note payable

= $40,000 + $7,000 + $30,000

= $77,000

So, the current ratio is

= $205,000 ÷ $77,000

= 2.7 times

5 0
2 years ago
The financial statements of Georgi Manufacturing Company report net sales of $595,000and accounts receivable of $80,000 and $60,
Elena-2011 [213]

Answer:

43 days

Explanation:

The first step is to calculate the account receivable turnover

= $595,000/($80,000+$60,000)/2

= 595,000/140,000/2

= 595,000/70,000

= 8.5

Therefore the average collection period can be calculated as follows

= 365 /8.5

= 42.9

= 43 days

7 0
2 years ago
Other questions:
  • Copywriters can correlate the visual and headline to the _____ step of the creative pyramid.
    12·1 answer
  • The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used $45,000 Direct lab
    6·1 answer
  • The CEO of Dave's firm just came back from a business seminar. He called Dave into his office and stated, "I just found out abou
    9·1 answer
  • If your average is an 83 and you took a test and made a 80 on it what is your average then?
    15·1 answer
  • Portions of the financial statements for Peach Computer are provided below.
    9·1 answer
  • How media you have seen/used/participate in has depicted canada and how it has shaped your understanding and knowledge of the co
    8·1 answer
  • The management of Featheringham Corporation would like to investigate the possibility of basing its predetermined overhead rate
    6·1 answer
  • Determine the monthly payment, total interest,
    14·1 answer
  • The following information is available for Felix Company: Net income $300 Decrease in plant and equip. $40 Depreciation expense
    10·1 answer
  • Marci rewarded her team with a bonus when she found that their performance exceeded the standards she had set. Which step of the
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!