Pick a product that is currently being sold, and analyze its economic utility,
Answer:
Lumpy demand is not used in project management.
The correct answer is D
Explanation:
Dummy is a zero activity, which helps in network analysis.
Activity refers to a task in network analysis.
Latest finish time is the latest completion time of a project in network analysis.
Lumpy demand refers to low demand as a result of higher cost. It is not used in network analysis (project management)
Answer:
Correct answer is G.
I, II and III
Explanation:
Order-up-to-level (T) = d(P+L) + safety stock
d = mean demand
When Lead time is fixed,
Safety stock = function of (std deviation of demand, L, P, in-stock probability)
When Lead time also has variability,
Safety stock = function of (std deviation of demand, std. deviation of lead time, d, L, P, in-stock probability)
So, in any case, T will depend on d, std deviation of demand, and in-stock probability.
Answer:
COGS = $120,000
Explanation:
We have to determine the average cost per unit:
- 10,000 units at $3 per unit, total cost $30,000
- 20,000 units at $6 per unit, total cost $120,000
There are 30,000 units with a total cost of $150,000. The average cost per unit = $150,000 / 30,000 units = $5 per unit
On August 15, 24,000 units were sold and the COGS was $120,000 (= 24,000 units x $5 per unit)
Answer:
The company will earn a gain of $14,000.
Explanation:
The original cost of the ells company's delivery truck was $ 56,000 and the accumulated depreciation account had a balance of $38,000, which means a provision for the $38,000 was made in case something bad happens to the truck, and it eventually did as the truck was destroyed by fire and hence the amount of $18,000 ($56,000 - $38,000) was left which was not covered by the company.
The company received $32,000 as insurance , which means the $18,000 loss would be covered here - $32,000 -$18,000 = $14,000, and also the company will gain $14,000.
