Complete Question:
The project team is ordering a server after discovering that it was missed in the original scope discovery of the project. There is an urgency to have it delivered quickly to minimize schedule slippage, but the project team does not want to spend money from dwindling reserves to pay for the additional shipping charges. Which of the following is the most accurate description of this situation?
A. There is an attribute issue since fast shipping and low cost shipping are both characteristics associated with shipping.
B. There is a budget issue since there isn't extra money for shipping.
C. There is a mutual exclusivity issue since shipping fast and low cost do not correlate to each other.
D. There is a time issue since the server needs to arrive quickly
Answer:
C. There is a mutual exclusivity issue since shipping fast and low cost do not correlate to each other
Explanation:
The most accurate description of this situation is that there is a mutual exclusivity issue since shipping fast and low cost do not correlate to each other. If two events are mutually exclusive, they cannot occur concurrently.
Mutually exclusivity describes the characteristics of events, which makes it impossible for them to occur together (concurrently) or at the same time. This ultimately implies that the events or outcome of the sampling is disjointed.
In this scenario, there is an urgency to have the server delivered quickly (shipping fast) to minimize schedule slippage, but the project team does not want to spend money from dwindling reserves to pay for the additional shipping charges which is considered to be a high cost.
Answer and Explanation:
The journal entry is shown below;
Cash $656,600
Factoring charges (2% of $670,000) $13,400
To Trade Receivables $670,000
(Being recording these receivables)
Here cash and factory charges is debited as it increased the assets and expense while the trade receivable is credited as decreased the assets
Answer:
Inventory at the end of march 2008 = 150 units
Explanation:
<em>The closing inventory at the end of a particular period will be opening inventory at the beginning of the following period.</em>
<em>Note that the inventory at the end of March 2008 will be the opening inventory at the beginning of April 2008.</em>
<em>The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories. </em>
Production = Sales volume + closing inventory - opening inventory
100 = 50 + 200 - X
X = 50 + 200 -100
X = 150 units
Inventory at the end of march 2008 = 150 units
movie theater tickets or a gym membership are both discretionary expenses.discretionary expenses can best be described as something that is a luxury
