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densk [106]
2 years ago
14

OMG estimates tender costs by identifying all costs that are likely to be directly associated with

Business
1 answer:
CaHeK987 [17]2 years ago
3 0

Answer:

OMG

1. The estimated tender bid for the project is $96,000.

2. The estimated profit on the project is $42,000.

3. Managers at OMG use this information to compare the actual costs incurred with the estimated costs.  This enables them to determine if they can still achieve the same level of estimated profit, control the project's costs, and to benchmark future projects.

Explanation:

a) Data and Calculations:

Markup of total professional (engineering and scientist) labor costs = 80%

Markup of other costs = 50%

Estimated direct costs:

Input Costs Civil engineers 150 hours   $25 000

Environmental scientists 100 hours          15 000

Support labour 120 hours                          10 000

Total direct labor costs                           $50,000

80% markup                                              40,000

Total direct costs                                    $90,000

Other costs:

Travel 1 000 km                    $1 000

Computer time 80 hours       2 500

Photocopying, phone, fax        500

Total other costs                 $4,000

50% markup                          2,000         $6,000

Total bid costs                                        $96,000

Estimated project profit:

80% markup on direct labor costs          40,000

50% markup on other costs                      2,000

Total estimated project profit               $42,000

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Assume that securitization combined with borrowing and irrational exuberance in Hyperville have driven up the value of existing
Mashcka [7]

Answer:

The financial securities would decline by $106.7

Explanation:

Given

Financial securities at a geometric rate= $128

Underlying Security Asset = $14

Decreased value of the underlying asset = $6

When there's a reduction of $6 in the underlying asset price, this means the securities value will also get a reduction by a ratio of 6.

Because of this, we'll only consider the financial securities because it increases at a geometric progression unlike underlying assets that increases by arithmetic progression.

First, the value of financial securities needs to be calculated using the following formula;.

Value of Financial Securities = Financial securities at a geometric rate ÷

Decreased value of the underlying asset

Value of Financial Securities = $128 ÷ 6

Value of Financial Securities = $21.3

Tthe decline value of the financial securities is calculated as follows:

Decline Value = Financial securities at a geometric rate - Value of Financial Securities

Decline Value = $128 - $21.3

Decline Value = $106.7

Hence, the financial securities would decline by $106.7

6 0
3 years ago
A. Identify a profession b. In not more than 60 words, describe the "art" and "science" of such profession in (a).
zheka24 [161]

Answer:

Comedy as a Profession is a great example.

Explanation:

The science of it is related to the psychology of what makes people laugh.

If studied, one would realize that there are certain things that are bound to make people laugh (all things being equal). An example is when a person makes fun of themself to an audience.

To explain this, scientists have stated that it is inherent in humans to laugh at the misfortune of others. However, this is just a theory and does not explain why we laugh at other kinds of comedy.

A plausible explanation (which is more recent in the parlance of psychology) is that people also laugh when certain expectations are defied in a very witty manner.

As a professional stand-up comedian, knowing all the rules and tricks is just one part of the coin. Being able to, either by practice or repeated efforts during practice, internalize these principles, practice them and effectively use them is the artistic part of the picture.

There those who are gifted naturally with a principle thought process that elicits laughter from others, would be termed hilarious. However, to make a living out of comedy, one would need to fully understand the principles and practice to deliver them as naturally as possible.

Another paradigm to the art of comedy is that, it has to be very witty. Wit many times may come with an element of suprise... a new angle that was previously "unthought" of.

Cheers!

6 0
2 years ago
To​ economists, the social cost of unions depends primarily on
Arisa [49]
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4 0
3 years ago
A dentist shares an office building with a radio station. The electrical current from the dentist's drill causes static in the r
wariber [46]

Answer:

The dentist should get a new drill and it does not matter who pays for the new drill

Explanation:

Based on the information given the economically efficient outcome is that The dentist should get a new drill and it does not matter who pays for the new drill reason been that the building is been share by both the dentist and the radio station in which the electrical current from the dentist's drill was the one who causes static in the radio broadcast making them to lose some amount of money which means the dentist should go ahead and buy a new drill in which it does not matter who pays for the drill because they both shared the building .

7 0
3 years ago
An increase in the current account deficit will place _______ pressure on the home currency value, other things equal.
Sindrei [870]

When there is an increase in the deficit of the current account, the pressure on the home currency value all things equal would be a downward pressure.

<h3>What happens when there is a current account deficit?</h3>

A current account deficit means that the country is earning less from exporting goods to other countries than it is losing from importing from other nations.

What this means is that more money is flowing out of the country than the money that is coming in. What this leads to a loss in currency value because it points to less demand for the home currency.

This is because the deficit would place a downward pressure on the local currency. On the upside, this decrease in currency value might spur exports which would lead to a better current account balance.

In conclusion, there will be downward pressure.

Find out more on the current account at brainly.com/question/22333470

#SPJ1

4 0
2 years ago
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