Answer:
Project Scope Management is the applicable knowledge area.
Explanation:
Project Management involves the use of knowledge skills, tools, techniques to meet the requirement of the project. Other knowledge areas in Project Management include;
- Project Procurement Management
- Project Integration Management
- Project Communication Management
- Project Human Resource Management
- Project Quality Management
- Project Stakeholder Management
Project Scope Management involves explaining what the project will entail. It ensures people have a clear understanding of what the project is about.
Answer:
E) $2,400
Explanation:
optimal order quantity = sqrt{(2*D*S)/H}
= sqrt{(2*36,000*$80)/$4}
= $1,200
number of orders per year = $36,000/$1,200
= $30
total ordering cost = $30*$80
= $2,400
Therefore, The total ordering cost of inventory is $2,400.
C is the answer for this question.
Answer:
Delta
a) Error discovered on 1/1/17: Net income for 2015 is incorrect. The net income is too low by $525
b) Error discovered on 1/1/17: Net income for 2016 is incorrect. The net income is too high by $75.
c) Error discovered on 1/1/18: Total assets for 1/1/18 are incorrect. The assets are too low by $300 ($525 - $225)
d) Error discovered on 1/1/24: Retained earnings and total assets are correct.
Explanation:
a) Data and Analysis:
Cost of equipment on 1/1/15 = $525
Estimated useful life = 7 years
Salvage value = $0
Cost of equipment recorded as Repairs and Maintenance Expense
In a market economy, the factors of production are allocated by PRODUCERS AND CONSUMERS.
A market economy is a type of economy in which investment decisions about production and distribution of goods and services are based on the interplay of the forces of supply and demand which determine the prices of goods and services.
