Construction Accounting and Financial Management, 4th Edition Solution Manual by Steven J. Peterson, Verified Chapters 1 - 18, Complete Newest Version

SOLUTION MANUAL

Construction Accounting and Financial Management,

4th Edition Steven J. Peterson

Chapters 1 - 18, Complete Newest Version




ConstructionvfAccountingvfandvfFinancialvfManagement,

, CONTENTS
NewvftovfthevfFourthvfEdition 1

Chaptervf1:vfConstructionvfFinancialvfManagement 2

Chaptervf2:vfConstructionvfAccountingvfSystems 4

Chaptervf3:vfAccountingvfTransactions 7

Chaptervf4:vfMorevfConstructionvfAccounting 23

Chaptervf5:vfDepreciation 34

Chaptervf6:vfAnalysisvfofvfFinancialvfStatements 50

Chaptervf7:vfManagingvfCosts 58

Chaptervf8:vfDeterminingvfLaborvfBurden 62

Chaptervf9:vfManagingvfGeneralvfOverheadvfCosts 65

Chaptervf10:vfSettingvfProfitvfMarginsvfforvfBidding 67

Chaptervf11:vfProfitvfCentervfAnalysis 70

Chaptervf12:vfCashvfFlowsvfForvfConstructionvfProjects 75

Chaptervf13:vfProjectingvfIncomevfTaxes 87

Chaptervf14:vfCashvfFlowsvfforvfavfConstructionvfCompany 91

Chaptervf15:vfTimevfValuevfofvfMoney 93

Chaptervf16:vfFinancingvfavfCompany’svfFinancialvfNeeds 99

Chaptervf17:vfMakingvfFinancialvfDecisions 111

Chaptervf18:vfIncomevfTaxesvfandvfFinancialvfDecisions 130




ConstructionvfAccountingvfandvfFinancialvfManagement,

, iii




ConstructionvfAccountingvfandvfFinancialvfManagement,

, New to the Fourth Edition
vf vf vf vf




Thevfmajorvfchangesvftovfthevffourthvfeditionvfincludevfthevffollowing
• ThevfbusinessvffailurevfratevfforvfconstructionvfcompaniesvfinvfChaptervf1vfhavevf
beenvu f pdated.

• SectionsvfonvfcostvfsegregationvfandvfbonusvfdepreciationvfhavevfbeenvfaddedvftovfChaptervf
5.
• ThevfdiscussionvfofvftypicalvfmedianvfratiosvfinvfChaptervf6vfhasvfbeenvfupdated.
• AvfsectionvfonvfthevfmonitoringvfandvfcontrollingvfprocessvfhasvfbeenvfaddedvftovfChaptervf7.
• Avfsectionvfonvfmanagingvfdesign-buildvfcostsvfhasvfbeenvfaddedvftovfChaptervf7.
• Thevfwages,vfsocialvfsecurity,vfandvfMedicarevfcostsvfwerevfupdatedvfinvfChaptersv
f8,vf9,va
f ndvf14.

• AvfweeklyvfcashvfflowvfproblemvfhasvfbeenvfaddedvftovfChaptervf12.
• ThevfincomevftaxvfregulationsvfinvfChaptervf13vfhavevfbeenvfupdatedvftovfincor
poratevp f rovisionsvfofvfThevfTaxvfCutsvfandvfJobsvfActvf passedvf invfDecembervf20

17.
• Thevfprojectvfcashvfflowsvfusedvftovfdevelopvfanvfannualvfcashvfflowvfforvfavfconstruct
ionvfcompanyvfhavevfbeenvfexpandedvftovfcovervfthevfentirevfprojectvf(includingvfwor
kvfdonevfinvtf hevfpriorvfyear)vfandvfthevfcalculationvfofvfthevfunderbillings/overbillings
vfhasvfbeenvfincludedvf invfChaptervf14.

• ThevfeffectsvfofvftaxesvfonvfdecisionvfhasvfbeenvfupdatedvfinvfChaptervf18vftovfincorpor
atevfthevTf axvfCutsvfandvfJobsvfAct.
ThevfInstructor’svfManualvfincludesvfavflistvfofvflearningvfobjectives,vfinstructionalvfhints,vfsug
gestedvfactivities,vfandvfresourcesvfforvfeachvfchapter.vfFilesvfforvfthevffiguresvfandvftablesvfinvf
thevftextbookvfarevffoundvfonvfthevfinstructor’svfwebsite.vfItvfisvfmyvfhopevfthatvfthesevfresour
cesvfwillvfmakevfitvfeasiervfforvfcoursevfinstructorsvftovfteachvfthevfmaterialvfinvfavfmeaningfulvf
manner.vfBecausevfthevfcoursesvfthatvfusevfthisvftextbookvfarevfquitevfdiverse,vfitvfisvfimpossib
levftovforganizevfthevfchaptersvfintovfonevfbestvforder.vfEachvfinstructorvfshouldvfconsidervfhisvf
orvfhervfindividualvfprogramvfandvfdeterminevfwhichvfchaptersvfneedvftovfbevftaughtvfandvfinvf
whatvforder.
Bestvfwishes,
StevenvfJ.vfPeterson,vfMBA,vfPE