A contractor has a job which should be completed in 120 days. At present, he has 80 men on the job and it is estimated that they will finish the work in 150 days. Of the 80 men, 50 are each paid Php 150.00 a day, 25 at Php 210.00, and 5 at Php 280.00. For each day beyond the original 120 days, the contractor has to pay Php 1,500.00 liquidated damages. If of the additional men, 5 are paid Php 150.00, and the rest at Php 210.00, how much more is the savings of the contractor by hiring more men and not paying the fine? (Answer is in Php.)

Q: Ten years ago a businessman purchased a machine for P 50,000 with an expected life of 20 years based…

A:

Q: A company that sells computers has proposed to a small public utility company that it purchase a…

A: Consider the given data For electronics computer- An investment of P 1,000,000 to purchase a small…

Q: A bungalow house with a floor area of 50 square meters is to be built by a crew composed a foreman,…

A: Given: Floor area = 50 m2 Number of foreman = 1 Number of skilled workers = 5 Number of laborers = 3…

Q: An agricultural engineer had a previous building project having 500 sq.m. for a bagged storage…

A:

Q: A machine costs P 8,000 and an estimated life of 10 years with a salvage value of P 500. What is its…

A: This question is related to the Method of Depreciation from Estimation, cost and valuation…