Last year your construction company built a 93,580 sf warehouse for $8,513,882. The owner wants to build another warehouse of similar size; this time the owner wants to add 1,164 sf of office space in one corner of the building. It is estimated that the offices space will cost $117,970 and that costs have risen 2.7 percent during the last year. Using this information, prepare a preliminary estimate for the new warehouse.

Last year your construction company built a 93,580 sf warehouse for $8,513,882. The owner wants to build another warehouse of similar size; this time the owner wants to add 1,164 sf of office space in one corner of the building. It is estimated that the offices space will cost $117,970 and that costs have risen 2.7 percent during the last year. Using this information, prepare a preliminary estimate for the new warehouse.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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