The interest rate is 20%, which type of hut should you buy? Intuitively, why were the answers for parts (a) and (b) different? Explain in wor
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Monetary Policy and Interest Rate
Monetary policy refers to the policy which is enforced by the central bank of the country to control the money supply and economic development of the country. The main aim of monetary policy is to manage inflation, consumption, and growth of the economy. The central bank influences interest rates to manage the money supply. In monetary policy, the central bank may revise the interest rate to increase and decrease the flow of money.
Development of the US Monetary System
The monetary system of a country refers to the system in which a government provides money in the economy of the country. In the modern-day monetary system, usually it contains the National Treasury, the mint where the notes are being printed. The Central bank and the commercial banks regulate the money supply in the economy of a country.
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- A customer has expressed interest in having CH build a moderate, 3,000 quare-foot home on a vacant lot, which does no have utilities. Based on the engineering estimates above, what will such a house cost to build?An owner wants to begin and complete a major building renovation project as soon as possible. For this project, the scope of work is not well-defined, there are a large number of trades involved (i.e., electrical, mechanical, tiling, carpentry, etc.), and the owner anticipates many changes during the course of construction. Which type of contract would be the best option for the owner? Group of answer choices Cost-plus Lump sum Unit price A + B Job order contracting (JOC)Walton Bike Company makes the frames used to build its bicycles. During year 2, Walton made 21,000 frames; the costs incurred follow. Unit-level materials costs (21,000 units x $49) Unit-level labor costs (21,000 units × $56) Unit-level overhead costs (21,000 x $11) Depreciation on manufacturing equipment Bike frame production supervisor's salary Inventory holding costs Allocated portion of facility-level costs $1,029,000 1,176,000 231,000 90,000 93,400 280,000 590,000 Total costs $3,489,400 Walton has an opportunity to purchase frames for $120 each. Additional Information 1. The manufacturing equipment, which originally cost $550,000, has a book value of $410,000, a remaining useful life of 4 years, and a zero salvage value. If the equipment is not used to produce bicycle frames, it can be leased for $76,000 per year. 2. Walton has the opportunity to purchase for $990,000 new manufacturing equipment that will have an expected useful life of 4 years and a salvage value of $47,600. This…
- Required information [The following information applies to the questions displayed below.] The Mac Davis Company specializes in the purchase, renovation, and resale of older homes. Mac employs several carpenters and painters to do the work for him. It is essential for him to have accurate cost estimates so he can determine total renovation costs before he purchases a piece of property. If estimated renovation costs plus the purchase price of a house are higher than the house's estimated resale value, it is not a worthwhile investment. Mac has been using the home's interior square feet for his exterior paint cost estimations. Recently he decided to include the number of external openings-the total number of doors and windows in a house-as a cost driver. Their cost is significant because they require time-consuming preparatory work and careful brushwork. The rest of the house usually is painted either by rollers or spray guns, which are relatively efficient ways to apply paint to a large…Highland holidays operates a holiday part, letting small log cabin on short lets. Which action would to be considered as the efficient management of the asset conversion cycle? a. Increasing the rental price for each unit b. Negotiating lower costs with key suppliers C. Improving the occupancy rate, getting more nights of rental income for each cabin. d. Improving the payment term with supplier.Required information es [The following information applies to the questions displayed below.] The Mac Davis Company specializes in the purchase, renovation, and resale of older homes. Mac employs several carpenters and painters to do the work for him. It is essential for him to have accurate cost estimates so he can determine total renovation costs before he purchases a piece of property. If estimated renovation costs plus the purchase price of a house are higher than the house's estimated resale value, it is not a worthwhile investment. Mac has been using the home's interior square feet for his exterior paint cost estimations. Recently he decided to include the number of external openings-the total number of doors and windows in a house-as a cost driver. Their cost is significant because they require time-consuming preparatory work and careful brushwork. The rest of the house usually is painted either by rollers or spray guns, which are relatively efficient ways to apply paint to a…
- Certain production equipment used by Dayton Mechanical has become obsolete relative to current technology. The company is considering whether it should keep or replace its existing equipment. To aid in this decision, the company’s controller gathered the following data: (See attached) c. What is the total dollar amount of all relevant costs to the equipment replacement decision. $______ d. What is the total dollar amount of the opportunity costs associated with the alternative of keeping the old equipment? $______Would the cost of residential construction benefit from a greater use ofprefabricated building components? Why is it that prefabrication is notmore widely used in this industry? from FINANCIAL MANAGEMENT ANDACCOUNTING FUNDAMENTALSFOR CONSTRUCTION15. Choose from the following, the cost object for a project. a.Dam construction b.Placing an order c.Smart phones d.Utility bill payment 16. Material which has no value or little value is termed as. a.Waste b.Spoilage c.Scrap d.Defectives
- Analysis of a replacement project At times firms will need to decide if they want to continue to use their current equipment or replace the equipment with newer equipment. In this case, the company will need to perform a replacement analysis to determine which alternative is the best financial decision for the company. Consider the case of LoRusso Company: The managers of LoRusso Company are considering replacing an existing piece of equipment, and have collected the following information: • The new piece of equipment will have a cost of $600,000, and it will be depreciated on a straight-line basis over a period of five years (years 1–5). • The old machine is also being depreciated on a straight-line basis. It has a book value of $200,000 (at year 0) and three more years of depreciation left ($50,000 per year). • The new equipment will have a salvage value of $0 at the end of the project's life (year 5). The old machine has a current salvage value (at year 0) of…The city of Valley View, California, is considering various proposals regarding the disposal of used tires. All proposals involve shredding, but the benefits differ in each plan. An incremental B/C analysis was initiated, but the engineer conducting the study left recently. PW of the AB/C Ratio when Compared with Alternatives Alternatives B/C Ratio Cost, $Millions P. Q R 10 1.1 2.83 Q 40 2.4 2.83 50 1.4 S 80 1.8 Fill in the blanks in the incremental B/C columns of the table. Use a 20-year study period and an interest rate of 8% per year. AB/C Ratio when Compared with Alternative Alternative PW of the Cost, $ Millions B/C Ratio P Q 10 1.1 Q 40 2.4 50 1.4 80 1.8Alameda Tile sells products to many people remodeling their homes and thinks that it could profitably offer courses on tile installation, which might also increase the demand for its products. The basic installation course has the following (tentative) price and cost characteristics. Need Assistance with Req C2, Req C3, Req C4