A construction project at day 70 exhibits an actual cost of, Ask an Expert

Finance

A construction project at day 70 exhibits an actual cost of $78,000, and a scheduled cost of $84,000. The foreman estimates a value completed of $81,000.

Required:

Question: What are the spending (cost) and schedule variances?

Question: What are the CPI and SPI? Is the project ahead of schedule or behind? Is it over budget or under budget?

Note: Please show how you came up with the solution.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148524

Have any Question?Write your Review or question?

Related Questions in Basic Finance

You have an opportunity to invest 2500 today and receive

You have an opportunity to invest $2,500 today and receive $3,000 in three years. What would be the return on your investment if you accepted this opportunity? (Round answer to 2 decimal places, e.g. 52.75.) Return on ...

One of your customers has just made a purchase in the

One of your customers has just made a purchase in the amount of $19,200. You have agreed to payments of $335 per month and will charge a monthly interest rate of 1.11 percent. How many months will it take for the account ...

Small fry inc has just invented a potato chip that looks

Small Fry, Inc., has just invented a potato chip that looks and tastes like a french fry. Given the phenomenal market response to this product, Small Fry is reinvesting all of its earnings to expand its operations. Earni ...

A firm has 21000000 of available retained earnings the

A firm has $21,000,000 of available retained earnings. The capital structure is 48% debt, 8% preferred equity and 44% common equity. At what point in total funding will the company exhaust its available retained earnings ...

Common stock versus warrant investment tom baldwin can

Common stock versus warrant investment Tom Baldwin can invest $6,300 in the common stock or the warrants of Lexington Life Insurance. The common stock is currently selling for $30 per share. Its warrants, which provide f ...

Describe the theoretical problems of ethics 3 the

Describe the theoretical problems of ethics (3), the objectives to solving them.

Felcor stock is currently selling for 4000 a share but is

Felcor stock is currently selling for $40.00 a share but is expected to either decrease to $36 or increase to $44 a share over the next year. The risk-free rate is 4 percent. What is the current value of a 1-year call op ...

A mining company wishes to start up a new small gold mine

A mining company wishes to start up a new small gold mine. The initial cost will be $5m and it is expected to extract $3m a year in gold with incurring only $1.5m a year in costs for 5 years. Assume revenue and costs are ...

Thsi estimates that their project will initially cost 523

THSI estimates that their project will initially cost $5.23 million to setup and will generate $20 million in revenues during its first and only year in operation (paid in one year). Operating expenses are expected to to ...

A financial system comprises financial institutions

A financial system comprises financial institutions, financial instruments and financial markets. In the context of the Australian financial system explain the role of each of the major regulators (the RBA, APRA, ACCC, a ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert