In your project, the earned value is greater than the planned value. This means the project is ahead of schedule and under budget.
<h3>What is project management?</h3>
It is the set of strategies and methods used by the project leader so that all stages of the project occur as planned, that is, techniques for achieving the project objectives, reducing negative risks and using the stipulated budget and schedule.
Therefore, it is essential that the project manager is monitoring all stages of the project, reducing unnecessary costs and integrating the team to increase productivity and meet the schedule.
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Answer:
c. Exchange creates value by moving goods from parties who value them less to parties who value them more.
Explanation:
Exchange is described as the process of changing some goods for some other goods.
Exchange clearly provides you with the goods you value for, and in exchange for those goods you pay the goods you do not value.
This, results in adding value to the goods acquired by you, and adds value to the goods given by you for the person to whom it is exchanges.
As for example when a cloth is purchased by me for $100 then such adds the value to cloth and because it was worth less than $100 for the seller it has added value to the cloth.
Answer:
The residual would be 4569.
Explanation:
Residual is a difference between the observed value and the estimated value.
123,415 - 118,846 = 4569
Answer:
b. $65,000
Explanation:
Particulars Amount
Revenues
Service Revenue $390,000
Less: Sales Return and allowance $10,000
Less: Sales Discount <u>$5,000 </u>
Net Sales Revenue $375,000
Less: Cost of Goods Sold <u>$200,000</u>
Gross Profit $175,000
Less: Operating Expenses <u>$110,000</u>
Operating Income <u>$65,000</u>
Thus, income from operation is $65,000
