Question: The ENR materials cost index (MCI) had a value of 2708.51 in August 2010. In the same month, the cost for cement was $96.55 per

The ENR materials cost index (MCI) had a value of 2708.51 in August 2010. In the same month, the cost for cement was $96.55 per ton. If cement increased in price exactly in accordance with the MCI, what was the cost of cement per ton in 1913 when the MCI index value was 100?

Step by Step Solution

★★★★★

3.44 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

217-B-E-M (1602).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

If the multiplier had a value of 4 in 1929, how large must the change in autonomous expenditure have been to have caused the decline in real GDP between 1929 and 1933 shown in the table on page 799?...

The ENR construction cost index for New York City had a value of 12,381.40 in February 2007. For Pittsburgh and Atlanta, the values were 7341.32 and 4874.06, respectively. If a general contractor in...

The Consumer Price Index for 2010 was 116.5 and for 2012 it was 121.7. (a) Determine the purchasing power of the dollar in 2010 and 2012 relative to the base year 2002. (b) Compute the purchasing...

Atlantic Corporation-Abridged and Royal Paper Corporation, respectively, met over lunch to discuss a possible cash sale of a group On April 10, 1984, Patrick Halloran and Steven Winters, chairman of...

1. Compute the year-to-year percentage change in "diluted-income from continuing operations" for each of the five years. 1a. Do the earnings appear volatile? 2. Compute the ratio of long term debt to...

Porter Company is analyzing two potential investments. Project X Project Y Initial investment $ 68,000 $ 60,000 Net cash flow: Year 1 24,000 4,000 Year 2 24,000 26,000 Year 3 24,000 26,000 Year 4 O...

The purpose of this discussion is to discuss and reflect on the various challenges and opportunities associated with mergers and acquisitions in business organizations. Specifically, we will ask:...

Scenario You and your group work for a multi-national consulting firm. Your team is a group of capital budget consultants and are seeking new engagements. You intend on responding to a Request for...

\flong-term shareholder value which may not be reflected in short-term financial performance. While there has always been a long-term sustainability ambition, the short-term strategy included...

Based on your selected annual report: Compute all necessary ratios (10 marks)Discuss all relevant ratios affecting the overall performance of the business (10 marks)Decide as to whether you would...

The controller of Moravian Ceramics Inc. wishes to prepare a cost of goods sold budget for April. The controller assembled the following information for constructing the cost of goods sold budget:...

What are the two benefits of a well-rehearsed response plan?

Find the l i m i t b y interpreting lim x 0 e x p ( 5 x ) - 1 x a s a n appropriate derivative.

How do the ratings of TV and Internet services compare? The file Telecom contains the rating of 14 different providers. (Data extracted from Ratings: TV, Phone, and Internet Services, Consumer...

Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Sales ........... $2,000,000 Less: Variable costs .......

Salamanca produces and sells refrigerator magnets to be sold as novelty items by resorts. Last year, Salamanca sold 198,400 units. The income statement for Salamanca, Inc., for last year is as...

The following information is available concerning Stillwater Inc.: Stillwater, which uses a perpetual system, sold 1,000 units for $22 each during the year. Sales occurred on the following dates:...

Owens Company has a decentralized organization with a divisional structure. Two of these divisions are the Appliance Division and the Manufactured Housing Division. Each divisional manager is...

Montrose Manufacturing is considering two potential investments. Each project will cost $115,000 and have an expected life of five years. The CFO has estimated the probability distributions for each...

If you invested $2500 in a bank 24-month certificate of deposit paying 8.65%, compounded monthly, what is the future worth of the certificate of deposit when it matures in 2 years?

After receiving an inheritance of $25,000 on her 21st birthday, Ayn Rand deposited the inheritance in a savings account with an effective annual interest rate of 6%. She decided that she would make...

The Association of General Contractors (AGe) wished to establish an endowment fund of $1 million in 10 years for the Construction Engineering Technology Program at Grambling State University in...

Please show cell references/formulas. Thank you. Suppose that in January 2006, Kenneth Cole Productions had EPS of $1.65 and a book value of equity of $12.05 per share. Complete the steps below using...

5. MO Ltd. is considering a five-year project to expand its production efficiency. Building a new plant for $1,000,000 at the beginning of the project is estimated to result in annual sales quantity...

Emily has borrowed $ 1 0 0 0 0 0 0 from MQ Bank for 1 0 years at an interest rate of j 2 = 4 . 1 % p . a . She will make 1 0 annual repayments. According to the loan agreement, Emily's repayments...