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24 Jan 2025, 09:49
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Raw Materials Cost for 2024: $320,000,000
Recycling/Waste Management Cost for 2024: $57,000,000
At Skyline Construction, project materials represented 38% of its annual project costs of $925,000,000 in 2023. Due to new environmental regulations and a shift toward sustainable building, project materials will account for 42% of total project costs in 2024, while total project costs are expected to decrease by 3%. Within project materials expenses, raw materials consistently make up 85% of costs, while recycling and waste management account for the remaining 15%.
In the table, select for Raw Materials Cost for 2024 the approximate projected cost devoted to raw materials, and select for Recycling/Waste Management Cost for 2024 the approximate projected cost devoted to recycling and waste management. Make only two selections, one in each column.
In the table, select for Raw Materials Cost for 2024 the approximate projected cost devoted to raw materials, and select for Recycling/Waste Management Cost for 2024 the approximate projected cost devoted to recycling and waste management. Make only two selections, one in each column.
| Raw Materials Cost for 2024 | Recycling/Waste Management Cost for 2024 | |
| $375,000,000 | ||
| $340,000,000 | ||
| $320,000,000 | ||
| $70,000,000 | ||
| $57,000,000 |
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Official Answer
Raw Materials Cost for 2024: $320,000,000
Recycling/Waste Management Cost for 2024: $57,000,000
24 Jan 2025, 09:49
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Official Solution:
Total project costs for 2024 = $925,000,000 * (1 - 0.03) ≈ $900,000,000
Project materials for 2024 = $900,000,000 * 0.42 ≈ $380,000,000
• Raw materials = $380,000,000 * 0.85 ≈ $320,000,000
• Recycling/waste = $380,000,000 * 0.15 ≈ $57,000,000
Thus, the approximate costs are:
• Raw materials cost: $320,000,000
• Recycling/waste management cost: $57,000,000
Correct answer:
Raw Materials Cost for 2024 "$320,000,000 "
Recycling/Waste Management Cost for 2024 "$57,000,000 "
Bunuel
Total project costs for 2024 = $925,000,000 * (1 - 0.03) ≈ $900,000,000
Project materials for 2024 = $900,000,000 * 0.42 ≈ $380,000,000
• Raw materials = $380,000,000 * 0.85 ≈ $320,000,000
• Recycling/waste = $380,000,000 * 0.15 ≈ $57,000,000
Thus, the approximate costs are:
• Raw materials cost: $320,000,000
• Recycling/waste management cost: $57,000,000
Correct answer:
Raw Materials Cost for 2024 "$320,000,000 "
Recycling/Waste Management Cost for 2024 "$57,000,000 "
