Construction Accounting And Financial Management (4th Edition)
4th Edition
ISBN: 9780135232873
Author: Steven J. Peterson MBA PE
Publisher: PEARSON
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Textbook Question
Chapter 11, Problem 1DQ
How can the estimator increase the profit the company makes on a project?
Expert Solution & Answer
To determine
Explain the manner the estimator can increase the profit the company makes on project.
Explanation of Solution
The estimator might enhance the profit on a job by recognizing times when a higher profit and overhead gain might be charged or by dropping construction costs in the course of getting better price for materials and subcontractors’ work.
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Chapter 11 Solutions
Construction Accounting And Financial Management (4th Edition)
Ch. 11 - How can the estimator increase the profit the...Ch. 11 - Prob. 2DQCh. 11 - What are the six ways to allocate overhead to...Ch. 11 - Why is it important for profit center managers to...Ch. 11 - Prob. 5DQCh. 11 - What are the three ways that job-based profit...Ch. 11 - Prob. 7DQCh. 11 - In Figure 2-8, why was equipment repairs and...Ch. 11 - Your company completed the site work for the South...Ch. 11 - Prob. 10P
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- During the first month of operations, the following transactions were completed by ABC Corporation: Dec 1 Issued 25,000 shares of $1 par common stock for cash of $23 per share. Dec 3 ABC Company pays cash for Land and a building to be used in operations. The land cost $65,000 and the building cost $154,800. Dec 4 Purchased $18,000 of store fixtures on account. Dec 5 Purchased merchandise inventory from XYZ Company for $125,000, terms n/eom, FOB destination. Dec 6 ABC sold $50,000 of merchandise on account, n/10, FOB shipping point. The cost of merchandise sold was $20,000. Dec 9 Paid adverting costs of $20,000 to promote new business. Dec 10 Purchased merchandise inventory from QRS Company for $100,000, terms n/30, FOB destination. Dec 11 Purchased 500 shares of treasury stock for $17 per share. Dec 12 ABC's Board of Directors declared a $30,000 cash dividend. Dec 13 Paid $750 for utilities. Dec 15 Paid cash dividends to common shareholders. Dec 16 Received…arrow_forwardProvide answerarrow_forwardneed help with this General accounting questionarrow_forward
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