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2 years ago

A _____ is a document that describes a company, lists the it services or products needed, and specifies the features required.

1 answer:

3 0

A Request for Proposal (RPF) is a document that describes a company, lists the it services or products needed, and specifies the features required. An RFP is a business document that outlines a project, requests proposals for its completion from competent contractors, and announces the project.

When employing an Request for Proposal (RFP), the organization asking for bids is in charge of assessing the viability of the offers received, the financial standing of the company submitting bids, and each bidder's capacity to carry out the project. RFPs are utilized for challenging projects that frequently call for a large number of subcontractors. RFPs are the preferred method of project initiation by the majority of organizations, including many governments.

To learn more about Request for Proposal (RPF), click here

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Consider this problem: Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil an

astraxan [27]

Answer:

The maximum time guaranteed = 19.04 minutes.

Explanation:

From the given problem data, we have:

Let Y be the random variable which follows the normal distribution.

So,

Y ~ N(u = 15, SD = 2.4

Where, u = mean and SD = Standard Deviation

Let the maximum time guaranteed is = M

So,

P (Y > M) = 0.05 equation 1

Convert this equation 1 into standard normal variable, that is,

P(Y> M) = 0.05

1 - P(Y $\leq$ M) = 0.05

P(Y $\leq$ M) = 1 - 0.05

P(Y $\leq$ M) = 0.95

P $(\frac{Y-u}{SD} \leq \frac{M-u}{SD} )$ = 0.95

P ( Z $\leq \frac{M - 15}{2.4}$ ) = 0.95 Equation 2

From the equation 2, we have,

$\frac{M-15}{2.4}$ = 1.644853627

1.644853627 value is from using the function of Excel

( =NORSINV(0.95)) = 1.644853627

So,

M = 1.644853627 + 2.4 + 15

M = 19.04

Hence, the maximum time guaranteed = 19.04 minutes.

6 0

3 years ago

Davis Hardware Company uses a periodic inventory system. How should Davis record the sale of inventory costing $620 for $960 on

cestrela7 [59]

Answer:

Accounts Receivable 960 Sales Revenue 960

Explanation:

Under periodic inventory system inventory account is not updated for each purchase and each sale.

At the end of the period, the total in purchases account is added to the beginning balance of the inventory to compute cost of goods available for sale.

Hence, the only entries will be between Sales revenue and accounts receivable.

Dr. Accounts receivable...960

Cr. Sales Revenue.......................960

7 0

3 years ago

Read 2 more answers

Glenn and Maggie own a regional chain of juice bars and are looking to expand in the coming year. They already have fifty shops,

Studentka2010 [4]

Answer:

a commercial bank

Explanation:

A commercial bank is a deposit accepting institutions regulated by the central bank of a country. The banks play a crucial role in availing capital to businesses. They accept deposits in the form of savings from customers. They keep a small fraction(reserves) in their custody to cater for withdrawal and loan out the rest. Banks, therefore, pool resources together for businesses and households to borrow.

Since banks have a wide customer base, they are able to mobilize huge amounts of resources to loan out. Commercial banks are the best institution to issue a loan to Glenn and Maggie. Saving and loan, credit unions have a limited membership and may not have sufficient resources to issue a loan to Glenn and Maggie.

5 0

3 years ago

Read 2 more answers

Assume that the economy has three types of people. 20% are fad followers, 75% are passive investors, and 5% are informed traders

Ratling [72]

Answer:

3.6%

Explanation:

The computation of the alpha for the informed investors is shown below:

As we know that

Expected rate of k = Risk free rate of return + Beta × (Market rate of return - Risk free rate of return) + Alpha

16% = 4% + 1.4 × (10% - 4%) + Alpha

16% = 4% + 8.4% + Alpha

16% = 12.4% + Alpha

So,

Alpha = 3.6%

We simply applied the above formula to determine the alpha

8 0

3 years ago

A portfolio is made up of stocks a, b, c, and d in the proportion of 20%, 30%, 25%, and 25% respectively. the nondiversifiable r

kow [346]

The portfolio beta would simply be the summation of the weighted average of each beta.

Where weighted average of each beta is calculated as:

Stock weighted average = Stock proportion * Individual beta

Therefore,

Stock A beta weighted average = 0.2 * 0.4 = 0.08

Stock B beta weighted average = 0.3 * 1.2 = 0.36

Stock C beta weighted average = 0.25 * 2.5 = 0.625

Stock D beta weighted average = 0.25 * 1.75 = 0.4375

The summation of all betas yield the overall portfolio beta:

Portfolio beta = 0.08 + 0.36 + 0.625 + 0.4375

Portfolio beta = 1.5025 ~ 1.5

4 0

4 years ago