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3 years ago

11

Reasons why estimating time and cost are important include all of the following EXCEPT:_________

1 answer:

choli [55]3 years ago

6 0

Answer:

E) To help establish a project selection process.

Explanation: Estimating the time and cost of a project or a business activity is very important as it will to schedule the work, determine the financial requirements of a project,to determine how well the project is performing or progressing etc.

Time and cost of a project are very important to an organisation as they are part of the factors to be analysed and put into consideration when carry or choosing a project.

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A product is scarce when what happens?

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D. Demand is greater than supply

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Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat

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Answer:

a. 208.57 units

b. 104.29 units

Explanation:

a. The computation of the economic order quantity is shown below:

$= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}$

$= \sqrt{\frac{2\times \text{6,000}\times \text{\$29}}{\text{\$8}}}$

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b. And, the average inventory is

= Economic order quantity ÷ 2

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We simply applied the above formulas for calculation of the economic order quantity and the average inventory and the same is shown above

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Specialty store

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2 years ago

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It will double at the same rate

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The accounting records for Social Event Planning Services include the following select unadjusted balances on December 31, 2018

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Answer:

$18,500

Explanation:

The computation of the balance of Service Revenue shown on the adjusted trial balance is shown below:

= Service revenue ending balance + accrued value

where,

Accrued value = $1,500 ÷ 3 = $500

And, the service revenue ending balance is $18,000

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= $18,000 + $500

= $18,500

This is the answer but the same is not given in the options mentioned in the question.

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3 years ago