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denis23 [38]
3 years ago
13

Which of the following is a good condition for bottom-up estimating? A. When the project involves strategic decision making B. W

hen the project is internal and small C. When there is a fixed price contract D. When there is high uncertainty involved in the project E. When there is an unstable scope
Business
2 answers:
Nataly [62]3 years ago
6 0

Answer:

The correct option is C,when there is a fixed price contract

Explanation:

Bottom up estimating is a project management cost technique where the workers who are to work on the project make inputs in cost computation of the project.

Since the contract price of the project is fixed, the task left is for the agreed fee to be broken down into different areas of the project in order to determine the high cost and low cost areas in order that the cost attributed to a particular area of the project can be seen to be justified

adell [148]3 years ago
4 0

Answer:

when there is a fixed price contract

Explanation:

When the price of a project is fixed the bottom-up estimating technique is the best technique because in the bottom-up estimating in project management it requires the proactive effort of every team member involved in the management and project executing process.

In this technique every member of the project is involved in the decisions and every step or course of action involved in the project. i,e every step towards achieving the project involves the idea of every member of the project.

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Money that has value because the government has ordered that it is an acceptable means to pay debts is referred to as
vfiekz [6]

Answer:

Fiat money is the answer

Explanation:

7 0
3 years ago
you texpect to receive a payout from a trust fund in 3 years. The payout will be for $11000. You plan to invest the money at an
MrMuchimi

Answer:

11.68 years

Explanation:

For computing the number of years first we have to applied the NPER formula i.e to be shown in the attachment below:

Given that,  

Present value = $11,000

Future value = $19,000

Rate of interest = 6.5%

PMT = $0

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying the above formula, the number of years is 8.68

Now after 3 years, it would be

= 8.68 + 3

= 11.68 years

3 0
3 years ago
Department Y started 675 units during the accounting period. They had a beginning balance in goods in process inventory of 225 u
Gnoma [55]

Answer:

a. 750

Explanation:

units completed and transferred out = beginning work in process + units started - ending work in progress = 225 units + 675 units - 150 units = 750 units

The number of units completed and transferred out refer to the total number of finished units during a certain period and their cost is referred to as cost of goods manufactured.

4 0
3 years ago
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most bal
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6 0
2 years ago
The following income statement was produced when volume of sales was at 400 units. Sales Revenue $ 1,600 Variable Cost 700 Contr
lilavasa [31]

Answer:

If volume reaches 500 units, net income will be: $715

Explanation:

When  volume of sales was at 400 units:

Selling price per unit = Sales Revenue/400 = $1,600/400 = $4

Variable Cost per unit = Variable Cost/400 = $700/400 = $1.75

If volume reaches 500 units:

Total Sales Revenue = $4 x 500 = $2,000

Variable Cost = $1.75 x 500 = $875

Fixed Cost will not change = $410

Net income = Total Sales Revenue - Variable Cost - Fixed Cost = $2,000 - $875 - $410 = $715

7 0
3 years ago
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