A building contractor obtained bids for some asphalt paving, based on a specification. Three paving subcontractors quoted
Question:
The building contractor uses a 12% nomine interest rate, compounded monthly, in this type c bid analysis. Which paving subcontractor should b awarded the paving job?
Transcribed Image Text:
Paving Co. Pri Quick Payment Schedule $85,000 50% payable immediate 25% payable in 6 month 25% payable at the end of one year Payable immediately 25% payable immediatel 75% payable in 6 month Tartan Faultless $82,000 $84,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
For fixed output minimize the Present Worth of Cost Quick Pa...View the full answer
Answered By
Shem Ongek
I am a professional who has the highest levels of self-motivation. Additionally, I am always angled at ensuring that my clients get the best of the quality work possible within the deadline. Additionally, I write high quality business papers, generate quality feedback with more focus being on the accounting analysis. I additionally have helped various students here in the past with their research papers which made them move from the C grade to an A-grade. You can trust me 100% with your work and for sure I will handle your papers as if it were my assignment. That is the kind of professionalism that I swore to operate within. I think when rating the quality of my work, 98% of the students I work for always come back with more work which therefore makes me to be just the right person to handle your paper.
4.80+
174+ Reviews
426+ Question Solved
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
Question Posted:
Students also viewed these Accounting questions
-
A building contractor is preparing a bid on a new construction project. Two other contractors will be submitting bids for the same project. Based on past bidding practices, bids from the other...
-
What is the nominal interest rate compounded monthly if a four-year loan of $6000 is repaid by end-of-month payments of $144.23?
-
A contractor intends to bid on a job installing 30 airport security systems. Because this will be a new line of work for the contractor, he believes there will be a learning effect for the job. After...
-
The City of Amarillo is authorized to issue $8,000,000, 3 percent regular serial bonds in 2017 for the construction of a new exit off the interstate highway within city limits. The bonds mature in...
-
What is meant by a three-layer design, and normally what are the three layers?
-
Tyler wants to buy a beach house as part of his investment portfolio. After searching the coast for a nice home, he finds a house with a great view and a hefty price of $4,500,000. Tyler will need to...
-
Using the method of subregions, derive an equation for the transverse modulus, \(E_{2}\), for the RVE, which includes a fiber/matrix interphase region, as shown in Figure 3.27. Matrix Fiber Sed d...
-
Seventy-two percent of the members of the United Food and Commercial Workers Local 655 voted to strike against Stop n Shop in the St. Louis area. In fear of similar union responses, two of Stop n...
-
An entrepreneur asks for $100,000 to purchase a diagnostic machine for a healthcare facility. The entrepreneur hopes to maintain as much equity in the company, yet the Angel Investor requires the...
-
1. In communicating the changes in philosophy and practice within PepsiCo, should CEO Indra Nooyi and her management team use formal or informal channels of communication? Give examples of each. 2....
-
Use a geometric gradient factor to solve the following diagram for P. 266.20 242 220, 200 0 2 -15%
-
Given the following data. use present worth analysis to find the best alternative, A, B, or C. Use an analysis period of 12 years and 15% interest. * Use an analysis period of 12 years and 15%...
-
Mikes employer has a generous benefit program. During the current year his employer provided him with the following benefits: A contribution to the company RPP of $6,000. Group term life insurance...
-
The current planned production level and sales fogecast are all at the 20,000-unit level. If the company would like to sell the product at $100 per unit with a target profit at $20 per unit. How...
-
On January 1, Babcock Inc. issued $100,000 of 10-year, 4% bonds to yield an effective interest rate of 5%. Interest is paid semi-annually on January 1 and July 1. Calculate the issue price of the...
-
Interpret whether the trend for each ratio is an improvement or a decline in performance for the company. Make a table that lists each ratio as either a strength or a weakness in the most current...
-
In this program, you have to make use of the switch statement. The average life expectancy (in hours) of a lightbulb based on the bulb's wattage is listed in the table below: Watts Life expectancy...
-
The components of CAPM that are most sensitive to inflation are the risk-free rate and market rate of return. Can you suggest how CAPM can be used to capture expected changes to the return to a stock...
-
For each of these problems, perform the following steps. a. State the hypotheses and identify the claim. b. Find the critical value(s). c. Compute the test value. d. Make the decision. e. Summarize...
-
Suppose you need to answer any four of seven essay questions on a history test and you can answer them in any order. a. How many different question combinations are possible? b. What is the...
-
Describe how each of the following transactions affects the capital structure of a company. Is there an effect on the short-term liability portion, the long-term liability portion, the equity...
-
Given below is the most recent balance sheet of Carousel Company. a. Describe the firms capital structure. b. How would the capital structure be different if the company had raised the needed capital...
-
Why is return on equity commonly used along with net income to evaluate a companys performance? Assume that a company issued long-term bonds during a fiscal period, increasing its interest expense....
-
Calendar Plc have a year end of 30/09/X2. They have prepared the following information about their non-current assets: Land was revalued to 4.2 million on 28/09/X2 All buildings are depreciated using...
-
Antique Accents reported the following on its 2020 income statement. Using the income statement and the balance sheet given below, prepare the statement of cash flows using the indirect method. For...
-
Jamal, Maggie, and Kendra are dividing an estate consisting of a house, a vacation home, and a small business. Their valuations are shown below. Determine the payment that Kendra receives from the...
Study smarter with the SolutionInn App