Construction Accounting And Financial Management (4th Edition)

4th Edition

ISBN: 9780135232873

Author: Steven J. Peterson MBA PE

Publisher: PEARSON

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Concept explainers

The Effect Of Prepaid Taxes On Assets And Liabilities

Many businesses estimate tax liability and make payments throughout the year (often quarterly). When a company overestimates its tax liability, this results in the business paying a prepaid tax. Prepaid taxes will be reversed within one year but can resu…

Final Accounts

Financial accounting is one of the branches of accounting in which the transactions arising in the business over a particular period are recorded.

Ledger Posting

A ledger is an account that provides information on all the transactions that have taken place during a particular period. It is also known as General Ledger. For example, your bank account statement is a general ledger that gives information about the a…

Trial Balance and Final Accounts

In accounting we start with recording transaction with journal entries then we make separate ledger account for each type of transaction. It is very necessary to check and verify that the transaction transferred to ledgers from the journal are accurately…

Adjustment Entries

At the end of every accounting period Adjustment Entries are made in order to adjust the accounts precisely replicate the expenses and revenue of the current period. It is also known as end of period adjustment. It can also be referred as financial repor…

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Chapter 11, Problem 9P

Your company completed the site work for the South Pointe office complex. The costs are shown in Figure 11-3. The site concrete labor and landscaping were done by subcontractors. The demolition and grubbing and the grading and excavation were done by the company’s excavation crew. The company’s minimum profit and overhead markup is 15%. Determine the profit generated by the estimator, project management, and the excavation crew on this project.

Figure 11-3 Costs for South Pointe Site Work

Chapter 11, Problem 9P, Your company completed the site work for the South Pointe office complex. The costs are shown in

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Chapter 11, Problem 10P

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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. 2DQ Ch. 11 - What are the six ways to allocate overhead to...Ch. 11 - Why is it important for profit center managers to...Ch. 11 - Prob. 5DQ Ch. 11 - What are the three ways that job-based profit...Ch. 11 - Prob. 7DQ Ch. 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

Ch. 11 - Your company worked on the projects shown in Table...Ch. 11 - Your company worked on the projects shown in Table...

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