ACCOUNTING AND FINANCIAL ENGINEERING - EXAMPLE 34.28 : In the development of a small engineering facility for biochemical processing, completed contract method is applied in its construction accounting. In a short contract period, let the (contract price) = A. Let the (costs to date) = B; (estimated cost to complete) = C. (a) Find the values of : (i) estimated total costs; (ii) total estimated profit; (iii) percent completion to date. (b) If the project contract is 100 % completed : (i) find the total gross profit recognized; (ii) what is the exact numerical value of C?
ACCOUNTING AND FINANCIAL ENGINEERING - ANSWER 34.28 : (a)(i) Cost = B + C. (ii) Profit = A - (B + C). (iii) Percent = (100) B / (B + C). (b)(i) Profit = A - (B + C). Profit = A - B when C = 0. (ii) C = 0. 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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According to Shockley equation, the I – V characteristic of a diode is approximated by I = IS [ exp (nVD / VT) – 1 ]. For silicon, let the reverse bias saturation current IS as 0.000000000001. If n is ideality factor with value of 1.5, VT as thermal voltage drop of 0.026 V at room temperature, what is the value of current I that passes through the silicon diode in the heater of evaporator when the forward voltage drop VD = 0.026 V? Please take note that exp is the exponential function with e(1) = 2.718, e(2) = 7.389.
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COMPUTER PROGRAMMING FOR ENGINEERS - EXAMPLE 17.2 : There are 5 simultaneous equations with 5 unknowns as follow : 16 V - 4 X - Z = 36, 4 X - 4 W - Y + Z = 3, 8 V + 4 W - X + Y = 10, X - W = 1, V + W = 0. Find the values of V, W, X, Y and Z accurately within 15 minutes. State the computer program that you use to get the answers.
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