ACCOUNTING AND FINANCIAL ENGINEERING - EXAMPLE 34.27 : A biochemical engineering consultancy applies construction accounting in its finance. Its project began on 1 January 2010. Total revenue generated from the project was $9000. On 1 January 2011 as the budget, $2000 had been spent, with $6000 expected. However, the project cost increased latter, causing deviation from its initial budget on 1 January 2012, where $7000 had been spent, with $1400 expected. Let (estimated total cost) = (spent cost) + (expected cost to be spent), (percentage completion) = 100 (spent cost) / (estimated total costs), (total expected profits) = (total revenue) - (estimated total costs). Calculate : (a) total expected profits on 1 January 2011 and 1 January 2012; (b) estimated total cost as and not as the budget; (c) percentage completion of the project since the project began, in the first and second years.
ACCOUNTING AND FINANCIAL ENGINEERING - ANSWER 34.27 : On 1 January 2011 (as the budget), estimated total costs = $2000 + $6000 = $8000, total expected profits = $9000 - $8000 = $1000, percentage completion on first year = 100 ($2000 / $8000) = 25%. On 1 January 2012 (not as the budget), estimated total costs = $7000 + $1400 = $8400, total expected profits = $9000 - $8400 = $600, percentage completion on second year = 100 ($7000 / $8400) = 83.33%. Final answer : (a) Profits : $1000 (1 January 2011), $600 (1 January 2012). (b) Costs : $8000 (as the budget), $8400 (not as the budget). (c) Percentage completion : 25% (first year), 83.3% (second year). The answer is given by Kang Chuen Tat; PO Box 6263, Dandenong, Victoria VIC 3175, Australia; SMS +61405421706; chuentat@hotmail.com; http://kangchuentat.wordpress.com.
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Question 36 - For a mixture of benzene (B), toluene (T) and xylene (X), the equation applies where x for B, T and X will sum up to 1. The equation of x for each component is x = (L / V + 1) (F) / (L / V + K). The data of F for each component are : 0.5 for B, 0.35 for T, 0.15 for X. The data of K for each component are : 1.98 for B, 0.76 for T, 0.24 for X. When x for B + x for T + x for X = 1, find the values of (a) L / V; (b) x for each component of B, T, X respectively. You may use Excel program - Data : What-If-Analysis for Goal Seek to perform the iterative calculations.
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ACCOUNTING AND FINANCIAL ENGINEERING - EXAMPLE 34.29 : An engineering company that produces small biochemical tools applies Installment Sales Method in its accounting. Let A = Installment Sales, B = Cost of Installment Sales, C = Gross Profit, D = Gross Profit Ratio. In year 20X8, let A = $400, B = $250, C = $150. In year 20X9, let A = $450, B = $315, C = $135. If the value of D = 37.5 % in year 20X8 : (a) find the value of D for year 20X9; (b) calculate the realized gross profit = ED / 100, for year 20X8 when the cash collected from sales is E = $100.
Question 58 – In the design of a solar power system steps of calculations below are followed : (a) The power output of the inverter of the of the solar panel is 100 watts. What is the power input, Pin to the inverter when the efficiency of the inverter is 50 %? (b) If the rated power of the inverter is 300 watts, how many inverter is needed for the solar panel? (c) Charge controller of V = 12 volts is used to supply power to the inverter. What is the input current I to the inverter? (d) If the charge controller capacity is 10 A, how many charge controllers are needed? (e) If a biochemical mixer consumes 100 watts, running for 2 hours per day, what is the energy consumption in kilowatt hour per day? (f) What is the input energy needed when the efficiency of the inverter is 50 %? (g) If your area receives 2.88 hours of full sunlight per day, how much energy, in kilowatt hour can be produced per day when one solar panel can produce 20 watts of power? (h) If you know that you have to produce total energy as the answer for (f), how many solar panels are needed? (i) Each V = 12 V battery has 5 ampere hours. If the total energy needed is in answer (f), then how many batteries are needed to run the biochemical mixer if without sunlight for 3 days?
ACCOUNTING AND FINANCIAL ENGINEERING - EXAMPLE 34.17 : In the engineering calculations of interest rate caused by inflation, General Inflation Effect and Fisher Effect may be considered. Let I = inflation rate, R = nominal interest rate, r = real interest rate. According to Fisher Effect, (1 + R) = (1 + r) (1 + I). According to General Inflation Effect, r = R - I. (a) If I = 0.1 for all effects, both the values of R and r in the Fisher Effect are the same as R and r in the General Inflation Effect, find the values of R and r. (b) If R has the same value caused by both General Inflation Effect and Fisher Effect, find the possible values of R, r and I in term of R etc.
QUANTUM CHEMISTRY AND CHEMICAL ENGINEERING - EXAMPLE 31.3 : In photoelectrical effect analysis of quantum chemistry, let E = kinetic energy of electron, p = intensity of UV light, f = frequency of UV light. According to Classical Theory, E = c for all values of f, E = mp. According to Quantum Theory, E = c for all values of p, E = mf + c. In a graph, m and c are constants where m is slope and c is y intercept. If m = 2 and c = 3 with similar value of E : (a) find the value of p according to Classical Theory; (b) find the value of f according to Quantum Theory.
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A 1.5 weight % aqueous salt solution is concentrated to 4 weight % in a single-effect evaporator. The feed rate to the evaporator is F = 7500 kg / h and the feed is at 85 degree Celsius. The evaporator operates at 1 bar. By assuming that only pure solvent of water exists in the form of vapor from the feed, calculate the flow rate of such vapor V.
What are the problems that are associated with the expansion joints?
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