Everyone, let’s work on question 35-2: multiple-choice questions 49-50 from the 2015 First-Class Constructor Examination in Engineering Economics; there will be a reward for correct answers

Thread Content

The last edit to this post was made by Desert Fish on 2015-10-31 at 07:36. I’ve gathered some questions from this year’s First-Class Constructor exam, along with their answers. I’m sharing them here to boost everyone’s interest in participating. Instead of posting all the questions at once, I’ll present a few multiple-choice questions or one case study at a time, with the answers hidden. The answer will be visible after responding. Everyone is welcome to participate; those who give correct answers will receive a reward from the moderator. ******************************************49. When preparing a construction budget using the fixed-unit-price method, if the type of main material used in a particular work item does not exactly match the type specified in the unit prices, the method for determining the unit price for that work item is A. Convert the fixed unit price based on the actual cost of the material used B. Directly apply the fixed unit price of a similar material C. Adjust the quantity of work performed without changing the fixed unit price D. Develop a supplementary fixed unit price. Answer: A 【Expert Explanation】Explanation: If the type of main material differs, it is not possible to directly use the fixed unit prices; instead, the fixed unit price must be adjusted based on the actual cost of the material used. 50. A company raises funds through both long-term loans and long-term bonds; among these, the amount from long-term loans is 30 million yuan, while that from bonds is 20 million yuan. The term is 3 years each, with interest settled once a year and the principal repaid upon maturity. The interest rate is 6%, and the fee rate is 2%. The annual interest rate for long-term bonds is 6.5% ； The fee rate is 1.5%, and the income tax rate is 25%. Regarding the methods related to the company’s cost of capital, the incorrect option is A. The cost of capital for long-term bonds is 4.95%. B. The cost of capital for long-term loans is 4.59%. C. Both types of financing costs fall under debt-related costs of capital. D. The company’s overall cost of capital is 4.77%. Answer: D. This is determined based on the calculation procedures outlined on page 143. After calculation, both A and B are correct; C’s statement is also correct. The weighted average cost of capital in D comes out to 4.73%.