Can you define interest and principal<br>don't need a long definition just short and sweet<br>thanks

A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be run

Xelga [282]

Answer:

Schedule variance = $1,105,910

Schedule performance index = 1.066

Cost performance index = 1.168

Explanation:

Note: The requirement of the question is not complete. The complete requirement is therefore provided before answering the question.

Calculate the schedule variance, schedule performance index, and cost performance index for the project to date. (Round your "performance index" values to 3 decimal places.)

The explanation of the answers is now provided as follows:

Budgeted cost of work schedule = Expected cost of first activity + Expected cost of second activity + (Expected cost third activity * Expected percentage of completion) = $1,427,000 + $10,507,000 + ($8,507,000 * 57%) = $16,782,990

Budgeted cost of work performed = Expected cost of first activity + Expected cost of second activity + (Expected cost third activity * Actual percentage completed) = $1,427,000 + $10,507,000 + ($8,507,000 * 70%) = $17,888,900

Actual cost to date = Actual cost of first activity + Actual cost of second activity + Actual amount spent on third activity to date = $1,307,000 + $9,007,000 + $5,007,000 = $15,321,000

Therefore, we have:

Schedule variance = Budgeted cost of work performed - Budgeted cost of work schedule = $17,888,900 - $16,782,990 = $1,105,910

Schedule performance index = Budgeted cost of work performed / Budgeted cost of work schedule = $17,888,900 / $16,782,990 = 1.066

Cost performance index = Budgeted cost of work performed / Actual cost to date = 1.168

7 0

3 years ago

The global-standardization strategy arises out of the combination of: Question 7 options: 1) high pressure for cost reductions a

kati45 [8]

Answer:

The correct answer is the option 1: high pressure for cost reductions and low pressure for local responsiveness.

Explanation:

To begin with, the concept known as <em>"Global Standardization"</em>, in the field of marketing and business, refers to the strategy that the companies can use when they decide to implement the same marketing strategy or campaign to every country in where the organization works. Therefore that the term refers to the standardization of the strategy that the company use in the marketing area to the whole globe due to the fact that mainly they look for the reduction of the costs and also because the pressure from the local responsiveness from the other foreign countries tend to be very low.

3 0

3 years ago

What phase of the product life cycle is this item in and how you know this? 3D TV

Leviafan [203]

Answer:The part of the life cycle to which the product belongs is that of Maturity.

Explanation:

Since with the established growth, the next stage in the life cycle is Maturity. Businesses at this stage add features that make the product differ from competitors entering the market.

5 0

4 years ago

Listed as follows are nine technical accounting terms.

swat32

Answer:

a. Book value

b. Materiality

c. Matching principle

d. Unrecorded revenue

e. Adjusting entries

f. Unearned revenue

g. Prepaid expenses

h. Accumulated depreciation

Explanation:

The assets are recorded at cost and then depreciated over their useful lives . The net balance of an asset being the cost less its accumulated depreciation is its Net Book Value.

Materiality is the concept whereby any accounting principle can be departed from if it is of a small amount

All expenses incurred during a period to earn revenues is known as matching principle.

Any revenue earned but not recorded or billed is known as unrecorded revenue.

Adjusting entries are recorded at period end to record revenues and expenses under accrual method.

Advances received for services to be provided after the period end is recorded as unearned revenue.

Amounts paid in advance for services/ benefits to be received in the future are known as prepaid expenses

Assets cost are allocated over its estimated useful life is known as accumulated depreciation.

4 0

3 years ago

The substitution bias in the consumer price index refers to the Group of answer choices substitution by consumers toward new goo

SpyIntel [72]

Answer:

The correct answer is: substitution by consumers toward goods that have become relatively less expensive and away from goods that have become relatively more expensive.

Explanation:

The CPI or consumer price index measures the change in the general price level through a basket of commodities that are generally purchased by the consumers.

The CPI does not always correctly estimate the inflation rate. This is because CPI does not include changes in the quality or substitution of expensive goods for cheaper ones.

When the price of a commodity increase, the consumers will substitute it for its cheaper substitute. So consumer spending will not change. But the CPI will increase as it will not include this substitution. The CPI will thus overestimate inflation.

7 0

3 years ago

Can you define interest and principaldon't need a long definition just short and sweetthanks